Paul Atkins, Chief of the SEC, qualifies crypto self -optody as an “American value”

The new approach of the president of the Sec It supports self -ocustody as an American value, stating that it is necessary to design appropriate regulations to support innovation in the crypto sector.

***

• The president of the Sec, Paul Atkins, spoke in favor of crypto self -generation.
• The agency has softened its position after the departure of Gensler and under Trump’s mandate.
• Atkins criticizes outdated regulations that hinder innovation Blockchain.

The US stock and values ​​commission. UU. (SEC) He is marking a change of course in his relationship with the crypto ecosystem, and his new president, Paul Atkins, said he was in favor of one of the properties that make these assets so particular.

ATKINS in favor of self -ustody

During a meeting held at the Sec, entitled ‘Defi and the American spirit’, Atkins said that digital asset self -ocustody should be seen as a fundamental right and a founding value of American culture.

“The right to private property autocustody is an essential American value that should not disappear when connecting to the Internet”ATKINS declared during the event, as indicated by the media The Block.

In his speech, Atkins argued that Imposing rules designed over a hundred years ago to regulate radically new technologies can stop innovation. “I don’t think we should allow centennial regulatory frameworks to limit technologies that could transform and improve our current traditional financial intermediation model”he pointed out.

In addition, he directly criticized the past attempts to consider software developers as stockbrokers, which would imply submitting them to strict rules that do not necessarily fit their role within the decentralized ecosystem.

Flexibility to innovate in custody and staking

Atkins also stressed that the mandatory use of intermediaries can impose unnecessary costs to market participants, in addition to restricting their ability to get involved in activities of the on-chain ecosystem, such as staking.

“I am in favor of providing greater flexibility to market participants to manage their cryptoactive custody,” explained. In this sense, He stressed that self -ocustody not only empowers the individual, but can also generate a more resistant and transparent financial system.

Atkins concluded his participation announcing that he has requested the staff of the Sec that analyzes possible regulatory steps to facilitate the legal use of decentralized software systems by registered entities. This analysis could lead to new guidelines or even in a modification of the existing rules, which would be considerable advance for the industry.

“I have asked the commission personnel to explore whether it would be useful Atkins said.

These comments go hand in hand with the statements issued weeks ago by the official, in which he undertakes to bring lighter regulations for the crypto ecosystem, keeping in mind a more conciliatory role to seek an approach that does not sofize to innovation and protect users.

Changes by the Sec

Atkins comments arrive at a time where the debate on the custody of digital assets becomes more relevant in the US., Especially after several catastrophic episodes seen between centralized platforms. In these scenarios the Sec During the direction of Gary Gensler, precisely to apply a very restrictive approach to the crypto sector.

However, after Gensler’s exit, and Sec He began to show great changes in his posture towards the ecosystem of digital currencies. The most remarkable would be the closure of an important amount of investigations and cases in court, such as those of Coinbase, Kraken, Binance, inter alia.

For now, expectations are set on the course that the Sec And the main regulators will take to address the crypto sector, this hand with the initiatives that are promoted from the legislative instances.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter