The SEC envisages an “innovation exemption” to facilitate the rules of DEFI projects and protect developers from responsibility for how their code is used.
(Photo of Scott Graham on Unsplash)
Posted on June 10, 2025 at 9:50 am.
Paul Atkins, president of the American Securities and Exchange committeeaimed at facilitating regulatory obstacles and supporting the growth of blockchain -based financial systems.
During a recent cryptographic round table entitled “DEFI and the American spirit”, Atkins said that he had ordered the SEC staff to consider changes in the agency’s rules that would allow issuers and intermediaries to freely administer the ONCHAIN financial systems.
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The exemption policy would allow entities under the regulatory competence of the dry to deploy ONCHAIN products and services to market more quickly, provided they meet certain conditions.
Atkins stressed that software developers should not be held responsible for the way in which decentralized tools have been used, establishing a distinction between the drafting of the code and regulated financial activity, even arguing that the regulation of the publication of the code would relate to the constitutional rights of the first amendment.
