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U.S. SEC Chairman Paul Atkins announced that the agency is working on an "innovation exemption" to alleviate regulatory burdens on decentralized finance (DeFi) platforms, emphasizing the need for supportive guidance for developers. During the final crypto roundtable, he highlighted the importance of allowing on-chain financial systems to flourish without excessive regulation, while also acknowledging that centralized entities would still be subject to oversight.
S&P Global has teamed up with Chainlink to provide stablecoin risk ratings onchain, enhancing access for decentralized finance users. The Stablecoin Stability Assessments evaluate the ability of assets to maintain stable value relative to fiat currencies, with plans to initially launch on the Ethereum Layer 2 network, Base.
The article discusses stablecoin chains, highlighting their significance in the cryptocurrency ecosystem and their potential to provide stability amidst market volatility. It explores various stablecoin projects and their underlying technologies, emphasizing the importance of regulatory compliance and the role of decentralized finance (DeFi) in shaping their future.