🔹 SEC Chair Paul Atkins
Atkins emphasized a new, innovation-friendly approach to crypto regulation. He proposed conditional exemptions for DeFi platforms, meaning they could operate under lighter rules if they meet certain safety standards. He also made it clear that software developers shouldn’t be held responsible for how others use their code—a major relief for builders in the space.
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🔹 Market Response
The crypto market responded positively. DeFi tokens like AAVE, UNI, and SKY surged over 20% after the event, with Binance’s CZ calling it “DeFi Day.” The optimism was largely fueled by signs of regulatory cooperation and reduced pressure on decentralized platforms.
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🔹 Broader Themes
Regulators appear to be moving from a crackdown mindset to one of collaboration. There’s growing recognition that DeFi operates differently than traditional finance, and future rules may reflect that—especially around disclosures, risk transparency, and custody.
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🔹 What’s Next?
The SEC is considering interpretive guidance, safe harbors for developers, and possibly new rules for crypto custody and token issuance. These could shape how DeFi and other crypto projects grow in the U.S. without facing immediate enforcement.
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