#CryptoRoundTableRemarks

Embracing DeFi: Innovation and Regulatory Perspectives

The speaker expresses gratitude to the organizing team and panelists at the roundtable titled "DeFi and the American Spirit," emphasizing that the principles of economic liberty and innovation are central to the Decentralized Finance (DeFi) movement. They highlight the transformative potential of blockchain technology, enabling peer-to-peer transactions without intermediaries, and the right to self-custody of crypto assets as a core American value.

The previous administration's regulatory stance hindered innovation in self-custodial wallets and on-chain technologies, prompting the need for clearer regulations from the SEC. The speaker advocates for a framework that allows innovation in on-chain systems while considering a conditional exemption to facilitate the market introduction of new products. They envision a future where America can lead in crypto technology, encouraging developers and entrepreneurs within a supportive regulatory environment.