Jul 18, 12:28 AM

SEC Chair Paul Atkins Highlights Tokenization Innovation, Innovation Exemption, Genius Act, and Bitcoin Adoption

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has emphasized the agency's commitment to advancing tokenization as a key innovation in financial markets. Atkins described tokenization as a breakthrough that enhances market efficiency and transparency, highlighting its potential to transform capital markets by enabling the tokenization of U.S. stocks, private companies, and real-world assets. The SEC is actively considering an "innovation exemption" from existing regulations to incentivize tokenization initiatives and reduce regulatory burdens, with staff reviewing potential changes to the regulatory framework to better support these developments. This regulatory shift follows the House passage of the Genius Act, which Atkins called an "important step forward" and a "historic step" for cryptocurrency. He also noted that the U.S. government has, for the first time, endorsed a key digital asset through the Genius Act, which is expected to lower market costs and risks. Additionally, Atkins expressed encouragement over public companies adopting Bitcoin and other cryptocurrencies as treasury reserve assets, signaling growing institutional acceptance of digital assets within corporate finance.

#SEC #Paul Atkins #Atkins #House #Genius Act #Bitcoin

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