news 
Bitcoinist – Cryptocurrency News, Blockchain & Fintech News | Bitcoin News | Ethereum | Ripple | Litecoin | EOS | NAGA | Blockchain Security | FinTech | Price |
SEC Exploring ‘Innovation Exception’ To Boost Tokenization After Historic Crypto Week
The Securities and Exchange Commission (SEC) is reportedly exploring regulatory changes to promote the tokenization of assets, according to a statement from Chairman Paul Atkins.
Atkins emphasized that the agency is considering “what other changes may be appropriate to incentivize tokenization within our regulatory framework.” This move comes after the historic passage of three major crypto bills in Congress.
The new innovation exception would allegedly permit novel ways of trading and more narrowly tailored forms of relief, thereby facilitating the growth of the tokenized securities ecosystem.
Atkins also highlighted that despite uncertainty surrounding upcoming regulatory developments, he believes it is inevitable for the movement of assets on-chain. “If it can be tokenized, it will be,” he emphasized.
In addition to the innovative exception, SEC Chair Paul Atkins praised the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
The bill aims to establish clear rules of the road” for the crypto industry. The Act is expected to become the first substantial crypto legislation to be signed into law by President Trump today.
Crypto Enthusiasts Expect Boost
Industry experts predict that these changes will unlock faster and cheaper forms of payments, while bringing credibility to the sector, which may reach over $3 billion in the coming years.
MARA CEO Fred Thiel further emphasized on Fox News that the bill’s passage demonstrates the US is taking a leadership position globally. He believes a clear regulatory framework will have a positive impact on Bitcoin and the crypto market.
“The GENIUS Act is going to be very helpful for providing trust around stablecoins,” he stated, adding that “when you remove friction from markets and when you give clarity to people, markets can move much freer.”
The US Deputy Treasury Secretary Michael Faulkender also expressed his thoughts on the matter. He explained that the government aims to provide regulatory and legislative clarity to modernize the payment system and develop the growing crypto sector.
He further elaborated that this new approach will ultimately strengthen the dollar’s role as a global reserve currency by allowing more international transactions, which may lead to an unprecedented $4 trillion market capitalization.
Thiel concluded that if the country fails to provide regulatory clarity, innovation would likely take place abroad.
Source: bitcoinist.com
