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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
The TradFi Gold Lucky Bag is now live—1g of real gold every 10 minutes. Trade nonstop, win nonstop!
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Details: https://www.gate.com/announcements/article/47889
SEC Chairman reveals: is studying DeFi innovation exemption policy to allow rapid launch of on-chain products
U.S. Securities and Exchange Commission Chairman Paul Atkins said at a crypto roundtable that the SEC is working on an “innovation exemption” policy for DeFi platforms. Atkins said it has asked staff to look into changing the rules to provide a regulatory exemption for the on-chain financial system, allowing entities subject to the SEC’s jurisdiction to quickly launch on-chain products. Hester Peirce, head of the SEC’s Crypto Working Group, stressed that publishers should not be held accountable for someone else’s use of the code, but that centralized entities cannot evade regulation through “decentralized” labels. Currently, SEC Republicans have a 3-1 majority and are pushing for a more crypto-friendly policy. Atkins said blockchain technology enables intermediary-free financial transactions, and the SEC should not stand in the way of such innovation.