SvmuuNews: SEC Chairman Paul Atkins has stated that the regulator is considering establishing new rules for on-chain financial markets and related software applications.
Atkins pointed out that current DeFi software protocols are difficult to classify within traditional regulatory frameworks as exchanges, brokers, or clearing agencies, as a single protocol often simultaneously performs multiple functions such as trade execution, collateral management, liquidity routing, and settlement.
His remarks are seen as a sign of the SEC adopting a more open attitude towards the crypto industry, appearing friendlier compared to his predecessor Gary Gensler. Meanwhile, the SEC is also exploring innovative exemption mechanisms for tokenized securities and advancing the clarification of digital asset classification systems.