US SEC Chairman: "The right to self-trust" is a "foundational American value"

Odaily Planet Daily News: Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), hinted at a more open attitude towards self-custody at the "DeFi and American Spirit" roundtable, calling the "right to self-custody" "the fundamental value of the United States." Atkins said: "The right to self-custody of private property should not disappear because of logging on to the Internet. I support giving market participants more flexibility to keep crypto assets autonomously." This is the latest sign of the SEC's shift in regulatory stance since the departure of former Chairman Gary Gensler. Atkins criticized his predecessor's classification of developers as brokers as hindering innovation, and he also said that he had asked SEC staff to explore whether providing further guidance or formulating rules would help registrants to trade with these software systems in compliance with applicable laws. (The Block)