U.S. SEC Chairman: Will consider innovation exemptions to promote tokenized securities trading

The Chairman of the U.S. Securities and Exchange Commission, Paul S. Atkins, pointed out at the Investor Advisory Committee meeting that the agency will vote on proposals regarding the tokenization of equity securities. The SEC is expected to soon consider an innovative exemption to facilitate limited trading of certain tokenized securities, with an eye toward developing a long-term regulatory framework.

Paul S. Atkins also stated that the cryptocurrency working group has held multiple roundtable meetings over the past 13 months, meeting with hundreds of market participants, soliciting broad public feedback, and receiving a substantial amount of written comments to understand how best to adjust the rules to accommodate new types of trading, while still welcoming input on the design of potential innovative exemption proposals.