SEC Chairman Paul Atkins has outlined a new roadmap for cryptocurrency reform during his opening remarks at the 12th Annual Conference on Financial Market Regulation. The SEC is focusing on modernizing market infrastructure, including bringing equity trading and settlement onto blockchain technology. Commissioner Mark T. Uyeda highlighted the implications of tokenizing real-world assets on key financial market functions such as issuance, trading, transfer, settlement, and record of ownership. The SEC's Crypto Task Force has received formal responses from industry participants like Securitize, which submitted recommendations to update the regulatory framework for tokenized securities. The conference also featured discussions on executive compensation and other regulatory considerations. The SEC plans to continue engaging with market participants and stakeholders to foster innovation while ensuring investor protection in the evolving digital asset landscape.
Chairman Atkins Outlines SEC’s New Roadmap for Crypto Reform https://t.co/Vafo2OfxLf | by @SheppardMullin
Chairman Paul Atkins issued a statement on the executive compensation roundtable and poses questions for consideration. https://t.co/8dwQI2rJRo
"The developments related to the tokenization of real-world assets using blockchain technology implicate major financial market functions and processes like issuance, trading, transfer, settlement, and record of ownership." SEC Commissioner Mark T. Uyeda’s recent remarks