The U.S. Securities and Exchange Commission (SEC), led by Chairman Paul S. Atkins, has signaled a major shift in its stance on decentralized finance (DeFi) and blockchain technology. The agency now supports DeFi as a reflection of American values like economic freedom and property rights.
In a key update, Atkins announced that activities like mining, validating, and staking will no longer be classified as securities transactions—a departure from previous strict enforcement. He also called for new, clear regulations and praised the use of personal crypto wallets. The SEC’s more open and supportive approach is expected to boost innovation, reduce investor uncertainty, and attract more participants to the crypto market.
The crypto industry played a key role in Donald Trump’s election win by funding his campaign and pro-crypto congressional candidates, contrasting with the stricter regulations under Joe Biden. In return, President Trump has taken swift action to support the industry, including creating a strategic bitcoin reserve and pardoning key crypto figures, signaling a shift toward more favorable crypto policies.
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