SEC Taking Uturn

Hey how's it going everyone? I hope things are very good over on your side. It's been an overly busy few days for me. Along with that I get to sleep far earlier in the day than before but I need to know whether that's a good thing or a bad thing. But something crossed my news feed and I did some digging, again. And I saw that the wind was shifting. It is now supposedly a very good time for crypto. Let us talk about the SEC. Under the previous leadership, the SEC used to think all cryptocurrencies other than Bitcoin, were considered to be unregistered businesses. And we know how these government people latch onto such unregistered businesses, but at the same time if they actually held these companies in question, you don't need to go over there at all. Because the company will be facing scrutiny from this. But none of that. ---  [Source](https://unsplash.com/photos/white-printer-paper-on-brown-wooden-table-p1kYI_kzySQ) --- I am writing this because there is change. Under the new leadership of the SEC. They now do not list these cryptos as unregistered businesses and they will not be going after these companies. They don't aim to provide regulatory clarity and overall support towards the cryptocurrency chain. Under the new leadership they have also taken up a project which is called project crypto. In it. They will be trying to keep crypto companies inside the US to maximize the output of the average American. They pledge to work with different parts of the government and if other businesses to make these existing businesses work. At the same time they aim to facilitate the creation of new crypto-related companies. With the goal to bring most of the cryptocurrency exchanges through the US. Now there is a more simpler term to understand. The SEC is providing all the resources and consultation for companies to start their cryptocurrency businesses in South America. Even if there are qualified people from other countries, he will bring them here. These plans will take several years to implement, but the intent is very clear that the current administration is all in towards crypto. And this could generally spark an uptrend. And considering this is the macroeconomic situation in the market, who's to say that people won't be eyeing cryptocurrencies to pump. And there is a certain possibility that crypto might pick up some momentum from this news. And might move towards new all-time highs. .