Decentralized Finance (Defi) Tokens Uni, Aave and Sky all rose with more than 20% on optimistic comments from SEC chairman Paul Atkins during a Monday round table discussion about the sector.
Atkins dedicated the regulator to explore exemptions to make decentralized finances (Defi) companies work without so many restrictions.
“The right to be confident for someone’s private property is a fundamental American value,” he said.
The comments are a stark contrast to those of the previous committee under the leadership of Gary Gsler, which was criticized for suffocating innovation by imposing restrictive guidance on crypto companies.
“Can you imagine a grim contrast with the approach to the previous sec?” Said Noelle Acheson, analyst and author of Crypto is Macro Now Newsletter.
“We expected that Atkins would say some nice words about the potential of innovation to unleash new financial efficiency,” she wrote. “We did not expect his support to be so emphatically.”
Members in the industry heralded the event like a symbolic milestone, the event,
June 9 “will be remembered as Defi Day,” Changpeng “CZ” Zhao, founder of Binance, the greatest crypto exchange by trade volume posted on X.
“The Defi -Renaissance continues,” says Arthur Cheong, founder and CEO of Crypto -investment firm Defiance Capital.
Defi-related tokens performed well than an already cheerful crypto market with Bitcoin
BTC$ 108,799.02
Bounce at almost record prices. Ethereum’s Ether
ETH$ 2,745.92
An important hub for Defi applications also jumped with more than 8%.
The broad market Crypto Benchmark Coindesk 20 index was 4.7% higher in the last 24 hours, while BTC won 1.5% in the same period.
Read more: US sec -chairman says working on ‘innovation -exemption’ for Defi -Platforms