SEC Chairman’s Backing Fuels DeFi Surge: Compound, Uniswap, & Aave Gain Significantly

The cryptocurrency market experienced a significant rally following SEC Chair Paul Atkins’ endorsement of self-custody and innovation in decentralized finance (DeFi). Atkins’ speech advocating for more crypto-friendly regulation has led to gains for DeFi tokens Compound (COMP), Uniswap (UNI), and Aave (AAVE). His call for updated rules and an “innovation exemption” framework, signaling a potential shift toward a more favorable regulatory approach towards DeFi in the U.S., fueled investor optimism for the future of decentralized finance.