SEC Chair Backs DeFi Innovation: Ethereum Reacts Positively

In a significant move that has propelled the cryptocurrency market, SEC Chair Paul Atkins emphasized the American spirit of innovation and financial liberty in his remarks at the recent Crypto Task Force Roundtable. He argued against applying traditional securities frameworks to decentralized finance (DeFi) by stating that current rules were not designed for self-executing software systems. This stance is evident in his assertion that voluntary participation in proof-of-work or proof-of-stake networks is not subject to federal securities laws. )