#CryptoRoundTableRemarks

At the recent SEC “DeFi and the American Spirit” roundtable, officials and industry leaders covered a lot—here’s what spot traders should take note of:

🔹 1. Self‑Custody Is Validated

SEC Chair Paul Atkins confirmed that participating in PoW/PoS networks as a miner or validator—and holding assets in your own wallet—is not automatically a securities activity .

➡️ This gives more clarity and freedom to self‑custody advocates.

🔹 2. Focus on Activity Over Code

Panelists emphasized regulating what people do, not the code they use. Off‑chain agreements and hidden protocols need disclosure, especially in DeFi .

➡️ For spot traders, this means smarter, more transparent platforms ahead.

🔹 3. Tokenization Talks Intensify

Commissioner Crenshaw raised the question: What exactly is tokenization? Is it merely on‑chain representation, or a complete trading ecosystem shift?

➡️ Watch for new rules on tokenized assets—this could reshape altcoin access.

🔹 4. Rule‑Making Takes Center Stage

Unlike past ad-hoc enforcement, the SEC wants formal, tailored regulations for custody, trading, and issuing crypto assets .

➡️ Spot traders benefit most from structured clarity—expect official guidance soon.