- Paul Atkins, like, totally told off the Biden peeps for being so harsh on crypto. Seriously uncool.
- He’s promising a “get-out-of-jail-free” card for DeFi to make America the next Silicon Valley! 🚀
So, the SEC chairman, Paul Atkins (who, let’s be honest, sounds like someone out of a Jane Austen novel), has actually backed DeFi! And he’s throwing shade at the Biden administration for being all judgey about crypto. Can you even?
Apparently, at some roundtable thingy called “DeFi and the American Spirit” (sounds like a bad rom-com, tbh), Atkins was all:
“The previous U.S. government was a total buzzkill, stopping Americans from joining in on all this market fun with lawsuits and speeches and threats. So not fetch.”
Atkins ❤️ DeFi
And get this – he’s calling self-custody a ‘foundational American value’! Like, right up there with apple pie and complaining about taxes. He also said:
“I want everyone to be able to control their own crypto, especially when all these middleman companies are just taking our money and making it hard to stake. It’s like paying extra for guac – totally unnecessary!”
Self-custody is basically being your own bank, which is fab, but also kinda scary. Like, what if you lose your keys? 😱 Anyway, MetaMask (which is one of those platforms) got sued by the SEC, so Atkins is not happy.
He thinks the previous administration was stifling innovation. Rude!
“The oldies were undermining innovation in self-custodial digital wallets by saying that the developers were secretly brokers. As if!”
He’s told his staff to come up with a plan to make America the crypto capital of the world, just like Trump wanted. Because, you know, that’s totally a thing we need.
“I’ve told everyone to figure out a way to let people bring their crypto products to market quickly. Think of it as a VIP pass for innovation!”
People in the crypto world are, like, thrilled. Hayden Adams from Uniswap said:
“It’s crazy how far DeFi has come. Now, the government actually cares! Maybe I should start paying attention to politics… nah.”
Apparently, Ethereum is going to benefit from all this, according to Eric Conner.
“If this actually happens, Ethereum will get the green light for staking and self-custody. The tide is turning! Time to get building! 🔨”
ETH went up 5% after the news, probably because BTC is doing well. But DeFi is doing even better, so maybe Eric is onto something. 🤔
Read More
2025-06-10 20:16