#CryptoRoundTableRemarks

DeFi Roundtable (“DeFi & the American Spirit”), June 9, 2025

🚀 Chair Paul Atkins:

Framed DeFi as embodying American values such as innovation, economic liberty, and self-custody .

Announced that voluntary participation in PoW/PoS networks is not securities, clarifying that validators and stakers aren’t under federal securities laws .

Called for official SEC rulemaking to solidify these views—moving away from rule-by-enforcement towards a formal, transparent process .

👥 Commissioner Caroline Crenshaw:

Acknowledged the diversity of crypto stakeholders and emphasized the need to thoughtfully consider DeFi and registration questions .

Underscored the importance of getting rulemaking “right”—balancing innovation with investor protections—and backed formal rulemaking over ad-hoc enforcement .