Overview

• Atkins directed SEC staff to develop a conditional “innovation exemption” for DeFi platforms to bring on-chain products to market more easily.
• Uniswap, Aave and Sky governance tokens surged between 15% and 23% following Atkins’s remarks at the DeFi roundtable.
• Ethereum climbed over 7%, with unusually heavy trading volumes in DeFi tokens elevating demand across the network.
• The SEC’s corporation finance division signaled that voluntary proof-of-work and proof-of-stake participation does not fall under federal securities law.
• Industry figures hailed the move as a reversal of prior restrictions and a step toward the long-awaited regulatory clarity for decentralized finance.