Is the SEC Chair's approval going to reignite the DeFi Summer? 🔥 New @SECGov Chair Paul Atkins has made a bold move! At a roundtable meeting, he announced the promotion of an "innovation exemption" policy, aiming to loosen regulations for DeFi platforms, allowing projects to launch without strict regulatory barriers. What happened next? The market heated up immediately, with the DeFi sector surging over 7%, and $ETH also rising nearly 8% 📈 DeFi represents "economic freedom and innovation," and @SECGov may establish a more friendly environment in the future to support developers in creating 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% The DeFi Summer is making a strong comeback! Are you ready to hop on board?

@SECGov Roundtable Meeting Key Points 🔹 The values of economic freedom, private property rights, and innovation are deeply embedded in the DNA of DeFi. 🔹 The previous administration took regulatory actions through lawsuits, speeches, regulations, and threats, claiming that participants and stakers might engage in securities trading, thereby preventing Americans from participating in blockchain. 🔹 Identities such as "miners" and "validators" voluntarily participate in proof of work or proof of stake and are not subject to federal securities laws. 🔹 Currently, this is not a formally enacted rule with legal effect; the Securities and Exchange Commission must establish a regulation based on the powers granted by Congress. 🔹 I support providing greater flexibility for market participants to self-custody their crypto assets, especially in cases where intermediaries impose unnecessary transaction costs or restrict the ability to participate in staking and other on-chain activities. 🔹 I have conveyed the consideration of a conditional exemption relief framework or "innovation exemption" to quickly bring on-chain products and services to market. 🔹 The innovation exemption can help realize President @realDonaldTrump's vision by encouraging developers, entrepreneurs, and other companies willing to comply with specific conditions to innovate using on-chain technology in the U.S., making America the "crypto capital of the world." More complete meeting content 🔗