tldr; SEC Chair Paul Atkins has expressed support for the self-custody of crypto assets, calling it a foundational American value. Speaking at the SEC’s Crypto Task Force Roundtable, Atkins emphasized the importance of self-custody as a core feature of blockchain technology and criticized previous regulatory actions that hindered innovation in self-custodial wallets. He argued that developers should not be held liable for misuse of their software, contrasting his stance with former SEC Chair Gary Gensler’s enforcement-heavy approach.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; SEC Chair Paul Atkins has expressed support for the self-custody of crypto assets, calling it a foundational American value. Speaking at the SEC’s Crypto Task Force Roundtable, Atkins emphasized the importance of self-custody as a core feature of blockchain technology and criticized previous regulatory actions that hindered innovation in self-custodial wallets. He argued that developers should not be held liable for misuse of their software, contrasting his stance with former SEC Chair Gary Gensler’s enforcement-heavy approach.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.