Decentralized Finance (DEFI) TOKENS UNI, AAVE and SKY increased by more than 20% in the optimistic comments of the president of the SEC, Paul Atkins, at a round table on Monday over the sector.
Atkins instructed the regulator to explore exemptions to allow decentralized finance companies (DEFI) to carry out operations without so many restrictions.
“The right to have private property autocustody is a fundamental American value,” he said.
The comments are a marked contrast with those made by the previous commission led by Gary Gensler, which was criticized for suffocating innovation by imposing restrictive guidance on cryptographic companies.
“Can you imagine a more marked contrast with the approach of the previous SEC?” Said Noelle Acheson, analyst and author of Crypto Is Macro Now Newsletter.
“We expected Atkins to say some good words about the innovation potential to unleash new financial efficiencies,” he wrote. “We did not expect his support to be so emphatic.”
Industry members announced the event as a symbolic milestone of the event,
June 9 “will be remembered as defi day,” Changpeng “CZ” Zhao, founder of Binance, the largest exchange of commercial cryptography published in X.
“The Defi Renaissance continues,” said Arthur Cheong, founder and CEO of Crypto Investment Firm Defiance Capital.
Defi -related tokens exceeded an optimistic cryptography market with Bitcoin
bouncing at almost record prices. Ethereum’s Ether, a key center for Defi applications, also jumped more than 8%.
The large market crypto reference index Coindesk 20 was 4.7% in the last 24 hours, while BTC won 1.5% in the same period.
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