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SEC Commissioner Mark Uyeda has praised tokenization, highlighting its potential to enhance transaction security, transparency, and immutability. Uyeda's remarks, made during a meeting of global securities regulators, signify a notable shift in the SEC's historically hostile stance towards blockchain technologies, as reported by Fox Business. Tokenization is also seen as a way to help community banks stay competitive and serve local employers, as stated by a US Republican and Chairman of House Admin. This sentiment is echoed by industry experts who view tokenization as a significant advancement for both traditional and blockchain industries, altering perceptions of investment and asset ownership.
SEC PRAISES TOKENIZATION FOR THE FIRST TIME - “MAY REMOVE THE NEED FOR MOST INTERMEDIARIES” - According to Fox Business’ @EleanorTerrett, Mark Uyeda of the Securities and Exchange Commission has praised ‘tokenization’, despite his agency’s historically hostile stance toward… https://t.co/jiMJtiQVRp https://t.co/Kb5y9rQZPO
🚨BREAKING: SEC COMMISSIONER PRAISES TOKENIZATION; "MAY PROVIDE TRANSACTIONS WITH A HIGHER LEVEL OF SECURITY, TRANSPARENCY, AND IMMUTABILITY" ~ @ELEANORTERRETT
🚨NEW: @SECGov Commissioner Mark Uyeda just touted the merits of tokenization while speaking at a meeting of global securities regulators: “Tokenization may provide transactions with a higher level of security, transparency, and immutability. It also may remove the need for…
