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Paul Atkins Pushes For Crypto Self-Custody—Criticizes Gensler’s Regulatory Approach

  • SEC Chair Paul Atkins advocates for the right to self-custody of Bitcoin and other cryptocurrencies, emphasizing it as a foundational American value.
  • Atkins emphasizes the importance of individuals having control over their digital assets in personal wallets to avoid excessive regulation that could limit market participation.
  • He argues that restrictions on self-custody could hinder innovation in activities like staking and decentralized finance (DeFi).
  • Atkins criticizes former SEC Chair Gary Gensler's regulatory approach, highlighting a shift towards policy-driven regulation instead of enforcement actions under the new administration.

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