SEC Chairman reveals: is studying DeFi innovation exemption policy to allow rapid launch of on-chain products

robot
Abstract generation in progress

U.S. Securities and Exchange Commission Chairman Paul Atkins said at a crypto roundtable that the SEC is working on an "innovation exemption" policy for DeFi platforms. Atkins said it has asked staff to look into changing the rules to provide a regulatory exemption for the on-chain financial system, allowing entities subject to the SEC's jurisdiction to quickly launch on-chain products. Hester Peirce, head of the SEC's Crypto Working Group, stressed that publishers should not be held accountable for someone else's use of the code, but that centralized entities cannot evade regulation through "decentralized" labels. Currently, SEC Republicans have a 3-1 majority and are pushing for a more crypto-friendly policy. Atkins said blockchain technology enables intermediary-free financial transactions, and the SEC should not stand in the way of such innovation.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Share
Comment
0/400
DeFiAlchemistvip
· 06-13 00:28
Finally rational dawn
Reply0
CryptoPunstervip
· 06-12 21:12
New suckers are here to report.
View OriginalReply0
OldLeekNewSicklevip
· 06-12 15:19
The bull run is right in front of us.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)