
Title: Paul Atkins Backs Tokenized Future with New SEC Vision
In a major shift in regulatory strategy, the United States Securities and Exchange Commission (SEC) has announced its support for tokenization. Chairperson Paul Atkins has voiced his backing of the innovative technology, emphasizing the need to adapt regulatory frameworks to accommodate the evolving crypto landscape.
The proposed exemption would grant flexibility in trading and support the development of a broader tokenized securities ecosystem. This move marks a significant departure from the strict enforcement tactics employed under former Chair Gary Gensler’s tenure. Instead, Atkins is advocating for structured rules that balance innovation with accountability.
According to reports, this new approach will enable the creation of innovative digital asset infrastructure, ultimately transforming the way assets are held, traded, and reported across markets. The shift in strategy is seen as a crucial step towards positioning the U.S. as a global leader in crypto finance.
The SEC’s revised stance aligns with the momentum generated by recent legislative efforts, such as the passage of the GENIUS Act, which has already led to significant progress in the sector. With this newfound flexibility, the Commission aims to foster an environment that encourages transparency, efficiency, and regulation.
Source: coincentral.com