#CryptoRoundTableRemarks
There was a significant crypto roundtable meeting today, June 11, 2025, hosted by the U.S. Securities and Exchange Commission (SEC). The event featured key figures from the crypto industry and government, including SEC Chair Paul Atkins, Commissioner Hester Peirce, and prominent voices like Erik Voorhees.
Key Highlights:
Self-Custody and Proof-of-Work Affirmed: Chairman Atkins emphasized that self-custody of cryptocurrencies and Bitcoin's proof-of-work mining align with foundational American values and do not violate securities laws.
Code as Protected Speech: Commissioner Peirce argued that code should be considered protected speech under the First Amendment, highlighting the importance of safeguarding developer rights.
DeFi Innovation Exemption: The SEC is contemplating an "innovation exemption" to ease regulatory burdens on decentralized finance (DeFi) platforms, aiming to protect developers from liability over how their code is used.
Market Impact: Following these discussions, DeFi tokens such as Aave, Uniswap, and Sky saw significant gains, with prices surging over 20%.
These developments signal a potential shift towards a more supportive regulatory environment for decentralized technologies.
