SEC takes a step forward for crypto instead of shutting it down

Some folks in the market think the SEC's recent changes could kickstart a fresh wave of crypto growth in the U.S. By focusing on transparency and easing up on the rules for compliant exchanges, it looks like the SEC is making it clear that America wants to stay at the forefront of digital finance. Venture capital and token projects that moved abroad might just reconsider and come back. One analyst summed it up nicely, saying "The SEC finally opened the door instead of building another wall." Many view this as a seriously positive regulatory shift for crypto in ages. Do you think this good news will lift the crypto scene soon?

I think it might have to be seen to be believed. It's not too expensive to launch a crypto project offshore (presumably) and it could make a lot more sense to do it that way (sometimes KYC/AML checks just costs more and I doubt they'll subsidise that). A lot of projects and exchanges ban users from large western economies and sanctioned entities because it's a lot cheaper to do that and keep operating in developing markets than to face the scrutiny and power of big regulators. It also might depend on how quickly they're able to assess everything too. I could imagine the time window being huge without a dedicated task force.

We are not surprised to see this kind of proposal in the US most especially now that Trump is the president and made his stance clear on cryptocurrency adoption and road map to making united states the center of cryptocurrency in rhe world even though it may be difficult to achieve decentralized projects  scalability, we may see some government based cryptocurrency initiatives that thrive on centralization, but before then we need to see the Efforts put in place to make that happens in the coming weeks months etc.