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SEC Chair Advocates for Crypto Self-Custody and Regulatory Clarity at DeFi Roundtable
SEC Chair Advocates for Crypto Self-Custody and Regulatory Clarity at DeFi Roundtable
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SEC Chair Paul Atkins underscored the necessity of clear regulatory frameworks for decentralized finance (DeFi) during the crypto Task Force roundtable in Washington D.C. His remarks, titled 'DeFi and the American Spirit,' highlighted the Biden administration's adversarial stance toward crypto assets and Web3 protocols.
Atkins praised the Division of Corporation Finance for clarifying that participation in proof-of-work or proof-of-stake networks—such as mining or staking—falls outside federal securities laws. He emphasized self-custody as a foundational American right, urging greater flexibility for market participants to hold their own crypto assets without intermediaries.
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