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

Odaily News Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), hinted at a more open attitude toward self-custody at the “DeFi and American Spirit” roundtable, calling the “right to self-custody” a “foundational American value.” Atkins said: “The right to self-custody of private property should not disappear just because you log on to the Internet. I support giving market participants more flexibility to self-custody crypto assets.”
This is the latest sign of the SEC's shift in regulatory stance since the departure of former Chairman Gary Gensler. Atkins criticized his predecessor's classification of developers as brokers as a hindrance to innovation, and he also said he had asked SEC staff to explore whether providing further guidance or making rules would help registrants be able to trade with these software systems in compliance with applicable laws. (The Block)