Paul Atkins, the Chair of the US SEC, outlined his vision for DeFi and cryptocurrencies, emphasizing alignment with American values.
Atkins criticized the previous SEC administration's approach, welcomed recent clarifications on PoW and PoS networks, and stressed the importance of self-custody in digital wallets.
He expressed concerns about regulatory restrictions on self-custodial solutions, highlighted the resilience of decentralized protocols, and called for new guidance to address on-chain systems' unique features.
Atkins proposed an 'innovation exemption' and aims to make the US a cryptocurrency innovation leader by facilitating compliant transactions and enhancing capital efficiency through on-chain software.