SEC Chair Criticises Past Crypto Crackdown, Backs Self-Custody in DeFi Push
- SEC Chair Paul Atkins condemned the Gensler-era crackdown on crypto as overreaching and harmful to innovation, especially around staking and self-custody.
- He argued that staking regulation needs explicit congressional approval and defended self-custody as a core American right that should not be obstructed by the SEC.
- Atkins also proposed a new pro-innovation framework to protect crypto projects from premature enforcement, therefore encouraging experimentation without fear of the agency knocking on their doors.
SEC Chair Paul Atkins took direct aim at his predecessor’s crypto legacy during a roundtable discussion Monday, framing the previous administration’s approach as legally aggressive and…
