SEC Chair Paul Atkins emphasizes the importance of self-custody in crypto, advocating for regulatory guidance to support innovation in the DeFi space.
At a roundtable on 'DeFi and the American Spirit,' SEC Chair Paul Atkins reaffirmed his support for self-custody rights, calling it a fundamental American value. He criticized the previous administration's classification of developers as brokers, which he believes hindered innovation. Atkins indicated that the SEC may explore new guidance or rules to facilitate compliance for market participants engaging with decentralized finance.