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U.S. SEC Chair Says Working on 'Innovation Exemption' for DeFi Platforms

  • On June 10, 2025, SEC Chair Paul Atkins announced the agency is developing an innovation exemption for DeFi platforms to ease regulatory barriers.
  • This initiative responds to fast blockchain advancements and aims to protect developers from liability for how their code is used while fostering innovation.
  • Atkins directed SEC staff to change rules to help issuers and intermediaries administer on-chain financial systems without holding software developers responsible for misuse.
  • He expressed that the future should not be met with automatic apprehension and indicated that certain activities involving blockchain technology may no longer be classified as securities transactions.
  • If implemented, the exemption could accelerate blockchain growth, attract more startups, and expand digital asset offerings while maintaining investor protections.
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Law.com broke the news in on Monday, June 9, 2025.
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