Gate News: On March 12, U.S. SEC Chairman Paul S. Atkins stated at the Investor Advisory Committee (IAC) meeting that the committee will propose recommendations on the tokenization of equity securities. Atkins acknowledged that tokenization technology can help improve settlement efficiency, reduce settlement risks, and cut unnecessary intermediaries. He revealed that the SEC is expected to soon review an “innovation exemption” mechanism, which would allow certain tokenized securities to be traded within a limited time and scope, providing a practical basis for developing a long-term regulatory framework. It is reported that the SEC’s Crypto Task Force has collected market participants’ opinions through roundtable discussions and public consultations over the past 13 months and continues to seek feedback on the exemption mechanism design.