SEC Chair Signals Major Pro-Crypto Shift in Policy Speech
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SEC Chair Atkins urges new rules to align crypto oversight with U.S. core values Innovation exemption proposed to ease on-chain product launches within compliance SEC encouraged to recognize DeFi’s resilience and modernize outdated regulations In a bold address to the Crypto Task Force Roundtable in Washington D.C., SEC Chairman Paul S. Atkins emphasized the deep alignment between decentralized finance (DeFi) and core American values. Speaking at the Crypto Task Force Roundtable, he argued that economic liberty, private property rights, and a culture of innovation are embedded in the very structure of blockchain technology. Atkins called for a regulatory approach that fosters growth rather than restricts it, underscoring a fundamental shift in how the nation’s top securities regulator may approach the rapidly evolving world of digital assets in the coming years. Key points from Chairman Paul Atkins’ remarks today at “DeFi and the American Spirit,” SEC’s Crypto Task Force Roundtable on Decentralized Finance – a 🧵 — U.S. Securities and Exchange Commission (@SECGov) June 9, 2025 Atkins Calls for New Rules, Not Just Guidance, for DeFi The Chairman tackled the core challenge of applying traditional securities laws to decentralized networks head-on. Acknowledging that these networks operate without central administrators through self-executing code, he noted that they challenge the existing regulatory model, which is focused on identifiable issuers and intermediaries. To address this, Atkins called for a formal reassessment of the Commission’s framework. He specifically encouraged the adoption of concrete rules to clarify that individual participation in a network, such as acting as a validator or miner, does not automatically constitute a securities activity. He stressed that while recent staff statements have provided this clarification, only formal rulemaking can provide the legal certainty needed to protect innovation. Related: The SEC Reconstitutes the NCIUS, May Soon Approve Multiple ETFs SEC Chair Proposes “Innovation…
Filed under: News - @ June 10, 2025 6:19 am