Decentralized Finance (Defi) Tokens Uni, Aave and Sky all rose by more than 20% about optimistic comments from SEC chairman Paul Atkins at a Monday round table discussion about the sector.
Atkins instructed the regulator to explore exceptions to allow decentralized financing companies (DEFI) to carry out operations without so many restrictions.
“The right to have confidence in one’s private property is a basic American value,” he said.
The comments are a sharp contrast to those made by the previous commission led by Gary Gensler, who was criticized for stifling innovation by imposing crypto companies.
“Can you imagine a sharp contrast with the previous SEC’s approach?” Said Noelle Acheson, analyst and author of Crypto is macro now newsletter.
“We expected Atkins to say some good words about the potential for innovation to loosen new financial efficiency,” she wrote. “We didn’t expect his support to be so emphatic.”
Industrial members invited the event as a symbolic milestone event,
June 9 “Will be remembered as Defi Day”, Changpen “CZ” Zhao, founder of Binance, the largest crypto exchange when trading in volume laid out on X.
“The Defi -Renaissance continues,” said Arthur Cheong, founder and CEO of Crypto Investment Firm Defiance Capital.
Defi-related tokens surpassed well with an already optimistic crypto market with Bitcoin
Bouncing at almost record prices. Ethereums ether, an important hub for defi applications, also burst over 8%.
The broadmarketcrypto-Benchmark Coindesk 20 index was 4.7% over the last 24 hours, while BTC rose 1.5% in the same period.
Read more: US SEC chairman says to work with ‘Innovation Exemption’ for Defi Platforms
