The Chairman of the US SEC announced the development of an "innovation exemption" policy for DeFi platforms Paul Atkins, Chairman of the US Securities and Exchange Commission, stated at the Crypto Roundtable that the SEC is developing an "innovation exemption" policy for DeFi platforms. Atkins stated that it has requested its staff to study and modify the rules to provide regulatory exemptions for on chain financial systems, allowing entities under SEC jurisdiction to quickly launch on chain products. Hester Peirce, the head of the SEC's encryption working group, emphasized that publishers should not be held responsible for others' use of code, but centralized entities cannot evade regulation through the "decentralized" label. Currently, the Republican members of the SEC have a 3:1 majority and are pushing for more friendly cryptocurrency policies. Atkins stated that blockchain technology enables financial transactions without intermediaries, and the SEC should not hinder this innovation.