A naukri.com initiative
TronWeekly
2w
388
Image Credit: TronWeekly
Ethereum Just Got a Massive Win From the SEC: Here’s What It Means for Crypto
- SEC Chair Paul S. Atkins aligns Ethereum and DeFi with American values.
- Mining, staking, and validating are no longer considered securities activities.
- Innovation exemption aims to provide legal clarity for DeFi projects and facilitate their operation.
- U.S. SEC Chair Paul S. Atkins delivered a speech reshaping crypto regulation.
- Atkins publicly declared Ethereum's infrastructure activities not as securities transactions.
- Atkins focuses on economic freedom, self-custody, and innovation in his crypto vision.
- A new policy shift highlights a departure in SEC's stance on crypto regulation.
- Publication of staking code or wallet software is not seen as brokerage activity anymore.
- Atkins proposes an 'innovation exemption' to offer legal pathways for DeFi projects.
- Developers would be able to operate legally under certain qualifications during regulatory developments.
- Atkins aims for permanent, legislated regulations to protect innovation in the crypto space.
- Ethereum's position is strengthened as a core player in the evolving financial system.
- Atkins' advocacy for self-custody and on-chain settlement may cement the U.S. as a blockchain innovation leader.
Read Full Article
23 Likes
For uninterrupted reading, download the app