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.