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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://hachyderm.io/users/molly0xfff/statuses/113884470210471034">Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 25-Jan-2025 02:18:32 JST</a><a href="https://hachyderm.io/@molly0xfff" title="molly0xfff@hachyderm.io"><img src="https://gnusocial.jp/avatar/34789-48-20230824095227.webp" width="48" height="48" alt="Molly White" style="position: absolute; left: 0; top: 0;">Molly White</a><div><a href="https://hachyderm.io/@molly0xfff/113884465276355855" rel="in-reply-to">in reply to</a></div></section><article><p>Other agencies, such as the SEC, have already sprung into action to push Trump’s deregulatory agenda, however. And Elon is trying to pump Dogecoin again, this time with the backing of the government.</p><p><a href="https://hachyderm.io/tags/crypto" rel="tag">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" rel="tag">#cryptocurrency</a> <a href="https://hachyderm.io/tags/USpolitics" rel="tag">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" rel="tag">#USpol</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4440668#notice-8688910">In conversation</a><time datetime="2025-01-25T02:18:32+09:00" title="Saturday, 25-Jan-2025 02:18:32 JST">Saturday, 25-Jan-2025 02:18:32 JST</time> <span>from <span><a href="https://hachyderm.io/@molly0xfff/113884470210471034" rel="external" title="Sent from hachyderm.io via ActivityPub">hachyderm.io</a></span></span><a href="https://hachyderm.io/@molly0xfff/113884470210471034">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/4004570">Over at the SEC, Gensler has stepped down and is being replaced in the interim by the crypto-friendly Mark Uyeda, who has served as a Commissioner at the SEC since 2022. Uyeda will likely be replaced by Trump’s nominee Paul Atkins. Uyeda quickly announced that he would be forming a “crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets”, which will be headed by fellow crypto-friendly Commissioner Hester Peirce. In a press release, the agency signaled its new direction by criticizing its own past actions: “To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud.”19The SEC was also quick to rescind SAB 121, the controversial rule that Congress nearly overturned last year before Biden issued a veto based on concerns about “jeopardiz[ing] the well-being of consumers and investors” [I58, 59, 74]. “Bye, bye SAB 121! It’s not been fun,” wrote Peirce on Twitter.20 This rescission will make it easier for banks to get into the crypto custody business.</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/884/466/659/659/029/original/a120a92c995350e8.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/884/466/659/659/029/original/a120a92c995350e8.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/4004571">Trump has chosen Commissioner Caroline Pham as interim chief over at the CFTC, where former Chair Rostin Benham also stepped down. Trump has yet to nominate a replacement CFTC Chair, although Bloomberg has reported that yet another Andreessen Horowitz employee is in the running: a16z crypto policy head Brian Quintenz.e22 Pham was also quick to fire the CFTC’s entire leadership team, replacing them with interim directors.23</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/884/468/516/140/670/original/ae52aa9236719ef4.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/884/468/516/140/670/original/ae52aa9236719ef4.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/4004572">The Department of Government Efficiency now has Elon Musk as its sole leader now that Vivek Ramaswamy is out. While some reports suggest Ramaswamy stepped down of his own volition to pursue an Ohio gubernatorial campaign, other reports suggest Ramaswamy was given the boot after internal rifts.24 Personally, I had not expected to agree so strongly with Musk’s first series of cuts. Meanwhile, the group’s website went online, with little more than placeholder text reading “Department of Government Efficiency: The people voted for major reform.” The text was briefly overshadowed by a large image of the Dogecoin cryptocurrency’s logo, which was quickly removed — I assume after an adult walked into the room, caught Musk hunched over a laptop giggling at his handiwork, and put him in time-out.I don’t know what I did to deserve being placed in the darkest timeline, but I am very sorry for whatever it was.
In happier news, DOGE is already being sued in separate suits from groups including the National Security Counselors and Public Citizen, both of which aim to bring more transparency into the group’s operations and clarify its status (and whether it and its employees will be subject to ethics laws).25</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/884/469/400/983/447/original/3b028963d9c6fe90.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/884/469/400/983/447/original/3b028963d9c6fe90.png</a></li></ol></footer></blockquote>

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Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 25-Jan-2025 02:18:32 JST Molly White
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Other agencies, such as the SEC, have already sprung into action to push Trump’s deregulatory agenda, however. And Elon is trying to pump Dogecoin again, this time with the backing of the government.
#crypto #cryptocurrency #USpolitics #USpol
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