Well, folks, hold onto your wallets! SEC Chairman Paul Atkins just dropped a bombshell at the “DeFi and the American Spirit” roundtable in Washington, D.C. 🎤💥
He’s got a plan to make the U.S. the big cheese in the crypto world—just like President Trump wants to turn America into the “crypto capital of the planet.” Because who doesn’t want to be the king of digital coins? 👑💸
🚨 BREAKING NEWS: SEC Chair Paul Atkins is drafting a policy to let DeFi platforms run wild without pesky regulations!
“We recognize the innovation and want to ensure it thrives in the U.S.” — The Crypto Times (@CryptoTimes_io) June 9, 2025
Atkins claims that decentralized finance, or DeFi, is as American as apple pie—freedom, private property, and innovation! He even explained blockchain technology as “a very creative and potentially revolutionary innovation.” Wow, who knew tech could be so artsy? 🎨💻
“These are free market systems,” he said, probably while wearing a cowboy hat and riding a digital bull. 🤠🐂
He took a moment to throw shade at the previous administration for scaring Americans away from blockchain with lawsuits and threats. Apparently, they thought staking and mining were just fancy terms for securities transactions. Oops! 😬
Atkins thanked his team for clarifying that “voluntary participation in a proof-of-work or proof-of-stake network” isn’t under federal securities laws. But wait, there’s a catch! “It’s not a duly promulgated rule with the force of law, so we cannot stop there.” Sounds like a legal loophole party! 🎉📜
He also gave a thumbs up for folks to keep their crypto in personal digital wallets. “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.” Because who wants to lose their digital treasures? 🏴☠️💎
And let’s not forget the software developers! Atkins insists they shouldn’t be treated as brokers under securities law. Quoting a court, he said, “It would be irrational to hold the developer of a self-driving car liable for a third party’s misuse.” So, if your crypto goes rogue, don’t blame the coder! 🚗💨
In his grand finale, Atkins praised the resilience of on-chain software systems, which kept chugging along during financial crises—unlike some centralized platforms that went belly up. Talk about a digital survival of the fittest! 💪💻
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2025-06-09 23:49