The US Securities and Exchange Commission is working on politics to exempt decentralized financing platforms (Defi) from regulatory barriers, said Paul Atkins, President Paul Atkins.
Software developers who build DEFI tools have no business to blame for how they are used, Atkins and other SEC Republicans, who in the final of five crypto -round tables held on the agency since the leadership turnover under President Donald Trump.
The chairman on Monday told a round table on Defi experts that he has instructed the SEC staff to investigate changes in the agency rules to provide necessary accommodation for issuers and intermediaries to seek to manage financial systems on the chain. “Atkins called the potential exceptional help” an exemption exemption “that would allow devices to bring on-chain products and services for marketing” fast “.
“Many entrepreneurs develop software applications designed to work without the administration of any operator,” Atkins said in comments on the event. While noting that the technology that enables private peer-to-peer transactions, “sounds like science fiction,” he said “Blockchain technology enables a brand new class of software that can perform these features without intermediary.”
“We should not automatically fear the future,” said Atkins.
Defi is a sub -section of the wider cryptocurrency industry that seeks to recreate financial tools and products with code that replace the role of traditional intermediaries such as banks and brokers.
The Republican members of the Commission at the moment the number of Democrat has been eagerly eager to move on with crypto-related politics. While Defi often gets brief awakening in political discussions that focus more on regulating the industry with higher volume in crypto exchanges, brokers and custody. Although Defi developers have been exposed to years of distrust from US government agencies, Republicans are now seeking power to facilitate these pressure.
“SEC must not violate the first change rights by regulating someone who simply published code on the basis of others using this code to perform activity that SEC has traditionally regulated,” said Commissioner Hester Peirce, who has led SEC Crypto Task Force created this year. However, she also noted that “centralized units cannot avoid regulation by simply rolling out the decentralized label.”
Erik Voorhees, the founder of Decentralized Exchange Shapeshift, joked that when he got his first SEC case 12 years ago, he did not think he would be invited to speak to the agency years later.
“I appreciate the change of tone and attitude change to the Commission,” he said. “I think it’s definitely a positive for America.”
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