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Paul Atkins called the right to self-custody a \u201cfoundational American value\u201d when addressing regulators and industry leaders discussing DeFi.<\/p>\n
US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration\u2019s crypto policies in the regulator\u2019s latest roundtable event exploring digital asset regulation.<\/p>\n
In a Monday event led by the SEC\u2019s crypto task force titled \u201cDeFi and the American Spirit,\u201d Atkins said<\/a> the prior administration, suggesting the agency\u2019s stance on digital assets under former chair Gary Gensler, took a heavy-handed app<\/a>roach through the courts. He added that the SEC\u2019s policies on staking as a service provider needed congressional approval to have lasting authority, and touted self-custody as a \u201cfoundational American value.\u201d<\/p>\n \u201cI\u2019m in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermedia<\/a>tion imposes unnecessary transaction costs or restricts the ability to engage in staking and other onchain activities,\u201d Atkins said at the roundtable event. <\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n