US SEC Chair Calls for Innovation Exemption Mechanism for Securities Tokenization

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.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments