SEC Chair Paul Atkins affirmed at the Crypto Task Force roundtable that Bitcoin proof-of-work mining and self-custody of cryptocurrency do not breach securities laws, stating, ‘The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet
SEC Chair Paul Atkins affirmed at the Crypto Task Force roundtable that Bitcoin proof-of-work mining and self-custody of cryptocurrency do not breach securities laws, stating, ‘The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet.’
Atkins revealed the SEC is crafting a policy to exempt decentralized finance platforms from regulatory barriers, termed an ‘innovation exemption,’ to support on-chain innovation. SEC Commissioner Hester Peirce noted that ‘Bitcoin is decentralized finance,’ reinforcing the event’s focus on DeFi’s role in American values.
The roundtable, ‘DeFi and the American Spirit,’ included remarks from industry participants such as Erik Voorhees, who discussed Bitcoin and DeFi in the context of individual liberty and entrepreneurialism.
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Source: https://thedefiant.io/news/regulation/sec-s-atkins-exempts-defi-platforms-calls-bitcoin-proof-work-mining-self-custody-d51b1393