On June 9, 2025, Eastern Time (early morning Beijing time), Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), delivered a speech at the "DeFi and the American Spirit" roundtable conference in Washington, D.C.
The speech was quite explosive. Let me extract the key quotes for everyone to feel: Decentralized Finance (DeFi) embodies America's economic freedom, property rights, and innovative spirit.
Individual self-custody of private property is a "basic American value" and should not be restricted due to the use of internet or blockchain technology. Engineers should not be brought under federal securities law regulations simply by publishing such software code. As a court ruling stated, it would be absurd to hold autonomous vehicle developers responsible for third-party traffic violations or bank robberies.
Currently, it seems the U.S. SEC is heading towards a comprehensive deregulation of DeFi. Big brother's fines were paid too early; if only they could drag it out like Sun, they wouldn't have to pay.
~Below is the full text of Atkins' speech (comments in parentheses at the end):
The theme of this roundtable is "DeFi and the American Spirit". This title is very apt, as economic freedom, property rights, and innovation - these core American values - are precisely the genes of the Decentralized Finance (DeFi) movement.
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