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SEC Chair Criticises Past Crypto Crackdown, Backs Self-Custody in DeFi Push

  • SEC Chair Paul Atkins criticized the previous administration's crackdown on crypto, labeling it as overreaching and innovation-stifling.
  • Atkins advocated for explicit congressional approval for staking regulations and emphasized the importance of self-custody as a fundamental American right.
  • He proposed a pro-innovation framework to shield crypto projects from premature enforcement, allowing experimentation without fear of regulatory interventions.
  • Atkins underscored the need for regulatory guidance instead of enforcement in areas like staking and self-custody to promote innovation in the crypto space.

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