Aave, Uniswap, Sky Tokens Surge Over 20% Following SEC Chair’s Comments
DeFi tokens UNI, AAVE, and SKY surged over 20% following comments from SEC Chair Paul Atkins at a roundtable discussion. Key points include:
- Atkins encouraged the SEC to consider exemptions for DeFi firms, allowing them more operational freedom.
- He emphasized the importance of self-custody rights as a fundamental American value.
- The remarks contrast sharply with previous SEC leadership under Gary Gensler, known for stringent regulations on crypto.
- Industry leaders viewed the event as a pivotal moment, with Binance's CZ calling June 9th "DeFi day."
- Bitcoin approached record highs, while Ethereum's ETH rose over 8%. The CoinDesk 20 Index increased by 4.7% in 24 hours.