US SEC Chairman: "The right to self-trust" is a "foundational American value"

Planet Daily News: At the "DeFi and American Spirit" roundtable conference, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins hinted at a more open attitude towards self-custody, referring to "self-custody rights" as a "fundamental American value". Atkins stated: "The right to private property custody should not disappear just because of internet access. I support giving market participants more flexibility in self-custodying crypto assets." This is the latest indication of a regulatory stance shift since former Chairman Gary Gensler's departure. Atkins criticized his predecessor's approach of classifying developers as brokers, which he believes hinders innovation. He also mentioned requesting SEC staff to explore whether providing further guidance or establishing rules could help registered entities trade with these software systems while complying with applicable laws. (The Block)