Recently, the U.S. Securities and Exchange Commission (SEC) has been in the spotlight for its crypto roundtable. On June 9, the SEC held its fifth and final spring crypto rules roundtable, themed "DeFi and the Spirit of America." SEC Chairman Paul Atkins strongly supported DeFi at the meeting, stating that the ability for individuals to hold cryptocurrencies without intermediaries is central to U.S. law. He also suggested a more open attitude towards self-custody of crypto assets and instructed staff to design an "innovation exemption."