They should be regulating pump and dumps to basically prohibit them all from being offered to US citizens, and that scamming landscape would evaporate.
They should regulate Ponzi schemes and eliminate scams; all these pump-and-dump tokens are not different from scams; they have done more harm than good to the market. They should start by restricting top government officials from creating a meme coin; that's the only way they can reduce the influence they can attract to a particular coin attached to their name, which hype can take to the sky, and a lack of usability will drag it down beneath the earth. 
Topic: JUST IN: A new task force has been designated by the SEC. (Read 252 times)
Can't be bad news /s
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
This should only apply to exchanges, wallets or any other crypto platforms honestly maybe yes other altcoins too but primarily it should be platforms owned and controlled by companies. Some altcoins still promote themselves as decentralized but not as decentralized as bitcoin so they might still be affected by whatever restrictions or regulations SEC wants to impose.Whatever it is, hopefully it is for the better of the community
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Sounds like more regulations, more rules, more strictness to me. Will it help? That idrk. Bitcoin wants to generally be free tbf, so I don't think it'd help in that aspect but it does seem like it'd help in making other people trust it. Bitcoin was associated with scams for the past decade that your average person would probably hear that and only that and nothing else, stopping them from actually buying it. With the SEC providing them with this basically telling them they got their backs, I reckon we'd have more people entering the market if it was implemented well that is. And possibly stop scam coins (e.g. influencer coins) from being made again. Granted anyone who got scammed by influencer coins I reckon deserved it. Or at least partly.
It's a double-edged sword.
More regulations = means more big capital flowing into the BTC.
And more regulations = mean more situations where said regulations play their role for the common people.
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Sounds like more regulations, more rules, more strictness to me. Will it help? That idrk. Bitcoin wants to generally be free tbf, so I don't think it'd help in that aspect but it does seem like it'd help in making other people trust it. Bitcoin was associated with scams for the past decade that your average person would probably hear that and only that and nothing else, stopping them from actually buying it. With the SEC providing them with this basically telling them they got their backs, I reckon we'd have more people entering the market if it was implemented well that is. And possibly stop scam coins (e.g. influencer coins) from being made again. Granted anyone who got scammed by influencer coins I reckon deserved it. Or at least partly.
I’m more interested in what these people can do for crypto as a whole, so I’m not exactly excited about the announcement. I’m just hopeful they’ll come up with a framework that benefits the majority of crypto enthusiasts.
The person we disliked before approved the ETF, so now it’s about seeing what this new administration can deliver. Hopefully, they’ll bring something that makes the community more satisfied and confident about holding Bitcoin for the long term.
The person we disliked before approved the ETF, so now it’s about seeing what this new administration can deliver. Hopefully, they’ll bring something that makes the community more satisfied and confident about holding Bitcoin for the long term.
People are quick to change opinions.
The ones we despise are becoming neutral in the end, or even good ones, once the alternatives are shown off for what they are.
So let's wait and see what it would bring in the future.
I think this is about crypto as a whole, altcoins and Bitcoin included. Honestly, I don’t need to know much about the people in charge because they’re well-connected to Trump, and whatever Trump wants to happen will likely happen. For now, I guess we just have to wait for the final ruling and stay optimistic that it’ll result in a Bitcoin-friendly policy. So far, there aren’t any rumors or news that would make people worried, which is a good sign.
Trump wants to do many things but in the USA, the President does not have full power to do everything he wants. Trump can try to appoint people who are loyal with him and MAGA, but there are opposite politicians and other potitical schemes under their good national Democracy, to control Trump and his administrative team.The Republicans has the majority seat in the Congress, although the lead is not that big, but still though, he has influence in the new Congress so I think that is a sign that there will be support of his MAGA as they have the control.
Under his Presidency next four years, he will be able to do something, but will fail to do other things including more friendly policies on Bitcoin, cryptocurrency and blockchain industry. Having a cryptocurrency-friendly President is good, but not enough and it won't automatically help the USA opening all its gates for this industry.
Maybe it's not his priority for now to talk about Bitcoin and crypto reforms, although he has form a group already. So it's really too early to say that it won't be enough, he even hadn't had his customary 100 days in the office, so who knows, maybe after the priorities, he or the working group will have recommendations to Trump specially on the Bitcoin narratives.
I’m more interested in what these people can do for crypto as a whole, so I’m not exactly excited about the announcement. I’m just hopeful they’ll come up with a framework that benefits the majority of crypto enthusiasts.
The person we disliked before approved the ETF, so now it’s about seeing what this new administration can deliver. Hopefully, they’ll bring something that makes the community more satisfied and confident about holding Bitcoin for the long term.
don't judge too early.
The person we disliked before approved the ETF, so now it’s about seeing what this new administration can deliver. Hopefully, they’ll bring something that makes the community more satisfied and confident about holding Bitcoin for the long term.
Under his Presidency next four years, he will be able to do something, but will fail to do other things including more friendly policies on Bitcoin, cryptocurrency and blockchain industry.
don't judge too early.
I think this is about crypto as a whole, altcoins and Bitcoin included. Honestly, I don’t need to know much about the people in charge because they’re well-connected to Trump, and whatever Trump wants to happen will likely happen. For now, I guess we just have to wait for the final ruling and stay optimistic that it’ll result in a Bitcoin-friendly policy. So far, there aren’t any rumors or news that would make people worried, which is a good sign.
Trump wants to do many things but in the USA, the President does not have full power to do everything he wants. Trump can try to appoint people who are loyal with him and MAGA, but there are opposite politicians and other potitical schemes under their good national Democracy, to control Trump and his administrative team.Under his Presidency next four years, he will be able to do something, but will fail to do other things including more friendly policies on Bitcoin, cryptocurrency and blockchain industry. Having a cryptocurrency-friendly President is good, but not enough and it won't automatically help the USA opening all its gates for this industry.
I do hope they will focus on BTC and big alts mostly, not on something we are seeing currently from the guy in the office..
I think this is about crypto as a whole, altcoins and Bitcoin included. Honestly, I don’t need to know much about the people in charge because they’re well-connected to Trump, and whatever Trump wants to happen will likely happen. For now, I guess we just have to wait for the final ruling and stay optimistic that it’ll result in a Bitcoin-friendly policy. So far, there aren’t any rumors or news that would make people worried, which is a good sign.
They should be regulating pump and dumps to basically prohibit them all from being offered to US citizens, and that scamming landscape would evaporate.
They have to put scam developers of pump and dump projects who are US. citizens and live in the USA, into jails. If they can seriously do this regulations, scammers at least who live in the USA. will be more fearful of creating scam projects.It's how they can prevent scams at the beginnings that is more effectively than letting scammers make project launches, raise funds, scam money of many people. Governments can not connect dots and try to arrest scammers after scam projects become too big and many people lost money with those projects.
I think it is clear, as it is stated in the post more regulations are coming. That means more restriction, more surveillance, more KYC nonsense, more taxes since US government has run out of money, more decentralized services being shut down and generally more crackdowns.
Governments can do all things and say they do it for benefits of citizens, but we know that the most benefited entity is government. They can get more money from it, for governmental operations and they can abuse policies for their own benefit first. 
I think it is clear, as it is stated in the post more regulations are coming. That means more restriction, more surveillance, more KYC nonsense
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They should be regulating pump and dumps to basically prohibit them all from being offered to US citizens, and that scamming landscape would evaporate.
They probably won't though, since the POTUS himself is knees-deep in on this.
more taxes since US government has run out of money
The whole point of DOGE was to save money so that they don't have to do stuff like this, no?
My good members of this great Forum what's your thought about this new task force designed by the SEC.??
I think it is clear, as it is stated in the post more regulations are coming. That means more restriction, more surveillance, more KYC nonsense, more taxes since US government has run out of money, more decentralized services being shut down and generally more crackdowns. 
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
They may not have power over bitcoin but they can just as easily invade the privacy of the people directly, there's already a proof that the US government is spying on its people so it's not that far fetch that they're not going to deal with the people if they can't control bitcoin, that's how easy it is for them to do so not to mention that the US government can always be above the law and constitution whenever they can, the best thing right now is to probably keep watch and make sure that your bitcoins are safe from taxation and other government bullshit. 
So what happened to the BTC reserve? I thought people who loved Trump said he's good because he does what he says. I mean, I know BTC lovers many of them wanted Trump in but doesn't this seem like same thing as under Biden era? Regulations?
And who's gonna regulate $TRUMP coin and $MELANIA coin? Lol They would not pass any kind of test the regulators would put to them.
And who's gonna regulate $TRUMP coin and $MELANIA coin? Lol They would not pass any kind of test the regulators would put to them.
I think there's a lot of directives already and as promised by President elect Trump.
https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
Although it mentioned about:
So they mentioned CBCD here, so this might not sit well for those who are waiting for the SBR at least this early.
https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
Although it mentioned about:
Quote
(ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;
So they mentioned CBCD here, so this might not sit well for those who are waiting for the SBR at least this early.
Legal transparency is generally a good thing, as it allows people to understand what they can and cannot do. The announcement sounds promising, as the Task Force is expected to make the regulations clear and realistic. But that, of course, is too vague to be sure that the idea is to build up crypto-friendly regulations and a welcoming pro-crypto financial climate in the US. And it might remain vague for a while, since the Task Force is only assembling right now.
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
Do you think bitcoin can become popular without government and law enforcement permission? Do you think there would be billions of dollars flowing into the market if the SEC didn't approve bitcoin ETFs? And do you think any store or company will accept bitcoin as a payment method without government permission?
Yes, bitcoin is decentralized but that doesn't mean it is completely free from government control and influence. If they don't want to be friendly with it anymore and impose harsh regulations, don't expect billions of dollars to flow into bitcoin and become popular. Don't underestimate, belittle or fight the government when they are trying to be friendly to us.
Well it’s about time, previous SEC officers have not been fit for purpose. Gensler did some good things but he hampered Bitcoins growth for so long. Spot ETFs were only approved when Grayscale took them to court & won. Without that I think Gensler & his handlers would have continued to try to stunt Bitcoin. Hopefully with a new crypto friendly regime Bitcoin can continue to gain mainstream adoption.
I do hope they will focus on BTC and big alts mostly, not on something we are seeing currently from the guy in the office..
All these may only work for altcoins, but we don't need them with bitcoin, because we are using a decentralized digital currency and that alone has rendered them powerless over making any regulation or policies in favour of their own pocket and leadership, other crypto entities may comply to them, but it wont work for us in bitcoin network, because this same value is what bitcoin has been preaching all over the years and want everyone to be free from regulations and have their own personal security and privacy from the way the are handling their digital asset which is bitcoin.
Not necessarily. While altcoins/tokens will probably be quite effected, this will also effect applications that use or support Bitcoin. It will govern what kind of apps can and can't be built, and what kind of activity is or isn't allowed. This doesn't just apply to alts but also to Bitcoin too.
I do agree though that using Bitcoin itself and majority of what is in it's ecosystem as of present day, probably won't be effected too much by this (unless it is overall not positive and it turns out to be an attack on Bitcoin, which I doubt would be the case at this point).
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