DeFi tokens exploded in value after the U.S. SEC’s new stance on regulation signaled a friendlier approach toward decentralized finance. On June 9, Uniswap (UNI), Aave (AAVE), and Sky Token (SKY) each surged over 20%, following comments from SEC Chair Paul Atkins suggesting regulatory flexibility for DeFi protocols.
SEC Chair Signals Regulatory Relief for DeFi
In a roundtable discussion, SEC Chair Paul Atkins called for exploring exemptions that would allow DeFi firms to operate with fewer restrictions. He emphasized that the right to self-custody private property is a “foundational American value.”
This stance marks a sharp departure from the previous SEC leadership, which was often accused of stifling innovation through aggressive regulation of crypto projects.
“Can you imagine a starker contrast with the previous SEC’s approach?” noted market analysts reacting to Atkins’ remarks.
“DeFi Day”: Industry Applauds the Shift
June 9 is already being hailed as “DeFi Day” by many industry leaders. Binance founder Changpeng Zhao (CZ) posted that this day will be remembered as a turning point for decentralized finance.
Similarly, Arthur Cheong, CEO of DeFiance Capital, commented that the “DeFi Renaissance continues,” reflecting renewed investor confidence in the sector.
Ethereum Leads the Charge in Broader Market Rally
As a core infrastructure layer for DeFi apps, Ethereum (ETH) also saw significant gains, jumping over 8%—outperforming both Bitcoin and the broader market.
- Bitcoin (BTC) rose 1.5%, reaching $109,061, near record highs.
- Ethereum (ETH) climbed to $2,739.52.
Why It Matters
This new tone from the SEC may open doors for U.S.-based DeFi innovation, reducing legal uncertainty and encouraging investment. With UNI, AAVE, and SKY leading the rally, investors are interpreting the SEC’s language as a green light for decentralized platforms to scale with regulatory support.
DeFi optimism is back, and if this regulatory shift solidifies, the market could witness a new era of decentralized growth.