U.S. SEC Commissioner: SEC rules should not create "unnecessary barriers" in the evolution of tokenization technology

According to The Block, SEC Commissioner Mark T. Uyeda expressed his views on security tokenization, stating that the SEC's rules should not create "unnecessary barriers" in the evolution of technology.

In a speech at the Asset Management Derivatives Forum, Uyeda pointed out that tokenization has moved from theoretical exploration to the early stages of practical application, with market participants testing how traditional securities can be issued, held, and transferred on-chain. He emphasized that tokenized securities still fall under the regulatory scope of securities laws, and technological advancements have not changed core legal obligations such as information disclosure, asset custody, and investor protection. Uyeda stated that the SEC's responsibility is not to create a parallel set of rules for crypto-native assets but to adapt existing securities laws to the on-chain environment without causing unnecessary friction. He reiterated the SEC's commitment to the principle of "technological neutrality," focusing on regulatory outcomes rather than specific processes. Uyeda specifically mentioned that the SEC has recently received an exemption application based on the Investment Company Act, indicating that tokenization "is no longer just a theoretical deduction, but is becoming a reality."