SEC CHAIR SUPPORTS BITCOIN SELF CUSTODY POLICY SHIFT!

The US Securities and Exchange Commission (SEC) Chair, Paul Atkins, has indeed expressed support for Bitcoin self-custody, calling it a "foundational American value". This stance marks a significant shift in regulatory approach, prioritizing individual control over digital assets .

Key Points from SEC Chair's Statement:

Self-Custody as a Foundational Right: Atkins emphasized that the right to self-custody digital assets is essential and should not be restricted by the SEC.

Flexibility for DeFi Sector: The SEC Chair advocates for greater flexibility in the DeFi sector, allowing market participants to self-custody crypto assets without unnecessary transaction costs or restrictions.

Criticism of Past Crypto Crackdown: Atkins criticized the previous SEC leadership's approach to crypto regulation, particularly around staking and self-custody, as overreaching and harmful to innovation.

Call for Congressional Approval: Atkins believes that staking regulation needs explicit congressional approval to ensure clarity and effectiveness .

Potential Impact:

-Growth in Crypto and DeFi: The proposed shift in regulatory approach could unleash massive growth in the crypto and DeFi sectors, empowering users and fueling innovation.

New Exemption for DeFi Projects: A potential "innovation exemption" could allow DeFi projects to launch more quickly, promoting development in the space .#Tradersleague #MarketRebound #BTC110KSoon? #SEC