Ethereum rises 7%, UNI and AAVE soar following SEC chairman's comments supporting DeFi

## BTC Outperform

Following the comments made by the new SEC Chairman Paul Atkins supporting decentralized finance (DeFi), Ethereum and related tokens saw a significant rise. According to CoinGecko, Ethereum (ETH) rose by 7% on the 10th, approaching $2,800.

The price increase of DeFi-related tokens is even more significant, with the decentralized exchange Uniswap up 25%, lending giant Aave up 14%, and HYPE up 12%. The group of assets that were regulated by the SEC under the previous Biden administration is seeing a sharp rise across the board.

Chairman Atkins said at the DeFi roundtable on the 9th that "U.S. values such as economic freedom, private property rights, and innovation are at the core of DeFi." On top of that, he announced that he would consider an "innovation exemption" system that would allow companies to easily introduce on-chain products, suggesting significant deregulation.

The chairman criticized the previous administration's SEC for its stance of treating DeFi participants and staking service providers as subjects of the Securities Exchange Act. He has now clarified the view that miners, validators, and staking operators fall outside the scope of federal securities law, emphasizing the need to establish this policy as formal regulation.

The SEC is considering regulatory changes to facilitate the activities of businesses aiming to manage on-chain financial systems. Chairman Atkins expressed the view that "the regulatory framework from 100 years ago should not hinder innovation" and stated a commitment to realizing President Trump's vision of making the U.S. the "capital of global cryptocurrency."

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