Odaily Planet Daily News: Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, said at a crypto roundtable that the SEC is developing an "innovation exemption" policy for DeFi platforms. Atkins said he has asked staff to study and modify the rules to provide regulatory exemptions for on-chain financial systems, allowing entities under the jurisdiction of the SEC to quickly launch on-chain products.
Hester Peirce, head of the SEC's crypto working group, emphasized that publishers should not be held accountable for the use of code by others, but centralized entities cannot evade regulation through the "decentralized" label. Currently, the SEC Republican Commissioners hold a 3:1 majority and are promoting friendlier crypto policies. Atkins said that blockchain technology has realized the function of financial transactions without intermediaries, and the SEC should not hinder such innovation. (CoinDesk)