reply guys

Key Takeaways from Chairman Paul Atkins at SEC’s “DeFi and the American Spirit” Roundtable

The American values of economic liberty, private property rights, and innovation are in the DNA of the DeFi, or Decentralized Finance, movement.

> He clarified that voluntary participation in a PoW or PoS network as a “miner,” “validator,” or “staking-as-a-service” provider is not within the scope of the federal securities laws. 

> However, must be codified through formal rulemaking.

> He backs greater flexibility for self-custody and reducing intermediary friction

> He proposed exploring an “innovation exemption” to fast-track compliant on-chain products, so issuers and intermediaries can legally launch on-chain products.

Source:

Key Takeaways from Chairman Paul Atkins at SEC’s “DeFi and the American Spirit” Roundtable

The American values of economic liberty, private property rights, and innovation are in the DNA of the DeFi, or Decentralized Finance, movement.

> He clarified that voluntary participation in a PoW or PoS network as a “miner,” “validator,” or “staking-as-a-service” provider is not within the scope of the federal securities laws. 

> However, must be codified through formal rulemaking.

> He backs greater flexibility for self-custody and reducing intermediary friction

> He proposed exploring an “innovation exemption” to fast-track compliant on-chain products, so issuers and intermediaries can legally launch on-chain products.

Source: https://twitter.com/secgov/status/1932137708068970924?s=52&t=txFAbiSPTdLLDlAYj9X_AA