The Breakdown Why the SEC Chair Just Declared Self-Custody a Foundational American Value
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Jun 11, 2025 SEC Chair Paul Atkins has declared self-custody a fundamental American right, signaling a pivotal shift in crypto regulation. This declaration is crucial for the future of cryptocurrency and decentralized finance. The ongoing legislative battles in Washington are also spotlighted, especially around pro-crypto and anti-crypto measures. Additionally, Circle's recent IPO has sparked a flurry of new crypto IPO filings as Wall Street races to keep pace, creating ripples throughout the market.
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SEC Chair Embraces Self-Custody
- SEC Chair Paul Atkins declares self-custody of private property as a foundational American value.
- This policy shift marks a major step towards supporting DeFi innovation and protecting crypto developers.
Self-Custody Shifts Power Balance
- Recognizing wallet and staking software outside of regulatory scope protects crypto developers.
- Making custody optional shifts power back to individual investors and safeguards against asset confiscation.
Blockchain’s Promise Tied to Self-Custody
- The promise of blockchain depends on enabling self-custody for users.
- Regulators acknowledging this importance signals a positive shift in policy understanding.