June 9th could become a memorable milestone in decentralized finance (DeFi) history, when Changpeng Zhao (CZ) – Binance founder – proposed calling it "DeFi Day". This proposal originated from the "DeFi and American Spirit" event organized by the United States Securities and Exchange Commission (SEC) in the early morning of June 9th (Vietnam time), where the new SEC Chairman – Mr. Mark Atkins – first publicly and decisively expressed support for DeFi.
In his speech, Mr. Atkins emphasized that decentralized finance is entirely consistent with fundamental American values such as economic freedom, personal asset ownership, and innovative spirit. This statement was considered by the crypto community as an important turning point, reflecting a more open trend in digital asset management policy in the US under the new administration.
The SEC is currently actively building a clearer and more friendly legal framework for the DeFi field, with the goal of creating conditions for users to freely manage digital assets and for developers to confidently experiment with on-chain products without being constrained by outdated regulations.
Specifically, the SEC Chairman mentioned several important strategic directions, including:
Promoting self-management mechanisms for digital assets, helping eliminate intermediary costs, thereby optimizing capital utilization and legally supporting staking activities.
Proposing exemptions for mining, validating, and staking activities from securities law regulations, while building a more appropriate legal framework for on-chain financial products.
Removing barriers from outdated legal systems, creating conditions for automatically operating software to innovate, thereby forming breakthrough financial products.
Calling on SEC expert teams to urgently research and update legal guidelines, allowing digital asset issuers and intermediaries to operate legally on blockchain platforms.
Supporting former President Donald Trump's direction to make the United States a global cryptocurrency technology center, through encouraging innovation and policy reform.
With the powerful message from the new SEC Chairman and the spread of DeFi support within the community, CZ's proposal to choose June 9th as "DeFi Day" is receiving positive responses from investors and blockchain developers.
