“SEC Chair Paul Atkins appeared on “mornings with Maria” to discusses his recently Announced “Project Crypto.”, – WRITE: www.coindesk.com
Sec Chair Paul Atkins, Speaking About His Recently Announced Project Crypto on Fox Business’ “Morns with Maria” Program “Program Offices “to IMPLEMENT President Donald Trump’s Crypto Working Group’s Recommendations to Make the Us A More Crypto-Friendly Nation. This includes Adjusting Rules “that have been around for 90 Years or so,” He Said.
“We don’t want the Crypto assets to be on some flash drive in somebody’s Drawer,” He Said on Friday. “They Need to be in A Secure Place … The Reason for Doing All This and Addressing These Various Regulations Is To Provide Some Certy for People.”
The Sec’s Work Will Be Based On the Legislation Passed by Congress, He Said, Pointing to the Already-Sigrated Genius Act and Exist Market Structure Legislative Efforts.
“Our Goal Is To Get Clarity and Certain,” He Said. “It will be subergirded by whover comes out of congregress but i believe that we have authority to move forward in these aree areas and Provide that Certain and Clarity for PEOPLE.”
Asked About A District Court Ruling on Debit Card Interchander Fees, Atkins SAID IT COULD SUPPORT REAL-TIME or Instant Payment Networks, Ann Moving Town Instant Instant said.
This Type of Payment Could be Bolstered by USING A BLOCKCHAIN, HE SAID, THOUGH HE ALSO SAID THAT The System Could Need to Have Some Som Sott of Delay Built in To Address Mistakes.
“The Longer That It Takes To Have Clearence on Some of the Transactions, The More Risk There is in the System for Something to Go Wrong, Some Black Swan Event,” He Said.
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