TradingKey – SEC Chairman Paul Atkins Announces Innovation Exemption for DeFi, Triggering a Market Boom
On Tuesday, June 10, the decentralized finance (DeFi) sector surged over 5%, bringing its total market capitalization past $260 billion.
At press time:
- Axelar (AXL) led gains with a staggering 78% rally
- Clearpool (CPOOL) jumped 17%
- Major DeFi tokens Compound (COMP), Uniswap (UNI), and Aave (AAVE) all soared over 15%
Earlier today, the U.S. Securities and Exchange Commission (SEC) hosted a roundtable discussion on "DeFi & the American Spirit," featuring insights from regulators and industry leaders.
SEC Chairman Paul Atkins made a pivotal statement, emphasizing, "Developers of neutral tools should not be held liable for third-party actions."
Additionally, Atkins announced ongoing efforts to introduce an "Innovation Exemption" policy for DeFi platforms—a move similar to the GENIUS Act’s support for stablecoins.
This shift paves the way for DeFi expansion and regulatory clarity, potentially igniting an altcoin boom.
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