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SEC Aims to Ease Regulations on DeFi After Years of Scrutiny

  • SEC aims to ease regulations on DeFi platforms, considering changes to agency rules to accommodate issuers and intermediaries in administering on-chain financial systems.
  • SEC Chairman Paul Atkins directs staff to consider an 'innovation exemption' framework to allow registrants and non-registrants to bring on-chain products and services to the market.
  • Republicans aim to ease pressure on DeFi developers, criticizing the Biden administration for undermining innovation in digital wallets and on-chain technologies through regulatory actions.
  • SEC Commissioner Hester Peirce emphasizes the importance of not infringing on First Amendment rights when regulating code publishers, while noting that centralized entities cannot evade regulation by claiming a DeFi label.

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