SEC Chairman Releases, DeFi Summer Sets Off Another Boom? 🔥 New @SECGov Chairman Paul Atkins amplifies the move! During the roundtable, he announced that he was pushing for an "innovation exemption" policy and plans to loosen the restrictions on DeFi platforms to help projects launch without strict regulatory hurdles. The result? The market directly heated up, with the DeFi sector soaring more than 7%, and $ETH also rising nearly 8% 📈 DeFi represents economic freedom and innovation, and @SECGov may establish a friendlier environment in the future to support developers to create more DeFi applications. @LiquityProtocol $LQTY +15.3% @aave $AAVE +15% @Uniswap $UNI +14.5% @pendle_fi $PENDLE +10.3% @CurveFinance $CRV +7.4% @RaydiumProtocol $RAY +6.5% DeFi Summer is back! Are you ready to get in the car?

@SECGov the main points of the roundtable 🔹 America's economic freedom, private property rights, and innovative values are deeply rooted in DeFi's DNA 🔹 The former administration discouraged Americans from participating in the blockchain by claiming that participants and stakers may be engaged in securities trading through lawsuits, speeches, regulation, and threatened regulatory action 🔹 Voluntary participation in proof-of-work or proof-of-stake by "miners," "validators," etc., is not covered by the federal securities laws 🔹 This is not yet a formally enacted, legally binding rule, and the SEC must enact a statute under congressional authority 🔹 I'm in favour of providing market participants with more flexibility to custody crypto assets on their own, especially if intermediaries attach unnecessary transaction costs or limit their ability to participate in staking and other on-chain activities 🔹 I have conveyed that consideration is given to a conditional waiver relief framework or "innovation exemption" to bring on-chain products and services to market quickly 🔹 The Innovation Waiver can help realise President @realDonaldTrump's vision of making the U.S. the "crypto capital of the planet" by encouraging developers, entrepreneurs, and other companies willing to comply with certain conditions to innovate with on-chain technology in the U.S. Read more about 🔗 the full session