Decentralized financial tokens have surpassed the wider market following the crypto round pebble of Securities and Exchange American commission yesterday in Washington, DC.
In the past 24 hours, uniswap jumped approximately 26% to exchange hands at $ 8.20, giving the governance token decentralized scholarship a market capitalization of $ 4.9 billion, while aaveThe governance token for the largest loan protocol, increased almost 20% to a higher four months of about $ 310, according to Coingecko data.
The two tokens are the highest 24-hour interpreters among the 100 best cryptocurrencies by market capitalization.
The increase comes after the SEC has led a crypto round table entitled “DEFI and the American spirit”, where President Paul Atkins criticized the regulatory approach to the previous administration towards the crypto and said: “American values of economic freedom, private property rights and innovation are in the DNA of DEFI or decentralized finances.”
Atkins expressed his gratitude to the Division of Financing Staff of SEC Companies for having shared his point of view according to which voluntary participation in networks of evidence of work or proof of implementation does not fall under the scope of the federal law on securities.
Matt Leisinger, co -founder and alluvial product manager, found recognition of the encouraging sec. “Although formal regulations are still necessary, these directives significantly reduce the ambiguity for the participants in the network and the partners, and opens the door to a regulatory structure which allows innovation and protects investors,” said Leisinger.
The president also ordered the staff of the SEC “to consider an exempt aid framework conditional or an” innovation exemption “which would quickly allow registrants and non-inscriptions to put on the market for products and services on the channel.”
According to Ian Unsworth, co -founder of the Kairos cryptographic research cabinet, the declarations of Atkins allow us to clarify which benefits the industry, because it can now bring capital previously sidelined in decentralized funding protocols.
“DEFI has long been a rolled spring, overwhelmed by a lack of regulatory clarity. With the pro-innovation position that the dry has now taken, it signals a 180-degree pivot from the people of peopleler,” Unsworth at Sherwood News told. “The market reaction has shown how impatient benefits are to ensure that they are optimally exposed to this sector.”
