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Paul Atkins Delivers Key Points On DeFi At SEC’s Crypto Task Force Roundtable

  • 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.

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