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Posted: 2025-06-09 21:48:19 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-06-09 21:49:02 UTC
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Rollup News
Chairman Paul Atkins discusses the SEC's approach to Decentralized Finance (DeFi), emphasizing the importance of economic liberty, private property rights, and innovation. He supports greater flexibility for market participants in self-custodying crypto assets and encourages the SEC to adopt regulations that accommodate on-chain financial systems, potentially through an innovation exemption.
Clarification that voluntary participation in proof-of-work or proof-of-stake networks is not within the scope of federal securities laws.
Support for self-custody of crypto assets and on-chain activities.
Need for the SEC to adopt regulations for on-chain financial systems.
Potential for an innovation exemption to encourage on-chain technology development in the United States.
Existing securities rules are primarily designed for issuers and intermediaries, not self-executing software code.
Ensuring compliance with applicable laws when transacting with on-chain software systems.
Adapting regulations to accommodate issuers and intermediaries who seek to administer on-chain financial systems.