The SEC chair supports individual self-custody of encryption assets and advocates for reducing restrictions on intermediary institutions.

Paul Atkins, Chairman of the SEC, stated during a roundtable meeting of the cryptocurrency special task force titled “DeFi and the American Spirit” on Monday that he recommends a more open attitude toward self-custody of Crypto Assets. Paul Atkins said: “I support giving market participants greater flexibility to independently hold their Crypto Assets, especially in cases where intermediaries impose unnecessary Transaction Costs or restrict participation in staking and other on-chain activities.”