news 
SEC Exploring ‘Innovation Exception’ To Boost Tokenization After Historic Crypto Week
In a surprising move, the Securities and Exchange Commission (SEC) has announced its intentions to explore new regulatory changes in order to boost tokenization within the digital asset sector. This decision comes on the heels of an unprecedented week for cryptocurrency, with three major crypto bills passing the House of Representatives.
As part of these efforts, the SEC is reportedly considering introducing an ‘innovation exception’ that would permit novel methods of trading and more narrowly tailored forms of relief to facilitate the growth of a tokenized securities ecosystem. This move aims to provide regulatory clarity for businesses and investors alike, ultimately promoting the widespread adoption of blockchain technology.
During a press event, SEC Chairman Paul Atkins emphasized his commitment to fostering an environment conducive to innovation within the industry. “Staff is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework,” he stated.
Atkins also took a moment to highlight the significance of this week’s events, labeling the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act as a historic step. This legislation is set to make the United States “the Crypto capital of the world.”
Furthermore, Atkins praised the GENIUS Act, stating that the agency looks forward to establishing clear rules of the road” for the crypto industry.
As news spreads about these developments, cryptocurrency enthusiasts and investors are eagerly anticipating the release of further information regarding these proposed regulatory changes.
Source: bitcoinist.com
