SEC Chair Paul Atkins Backs Tokenization, Marks Regulatory Shift After Gensler
The US Securities and Exchange Commission (SEC) under Chair Paul Atkins is now promoting tokenization as an innovation to be encouraged in the marketplace, marking a regulatory shift from the previous administration. Atkins emphasized the need for transparency and a solid regulatory foundation to foster innovation and new products. Tokenization is recognized as a significant driver of crypto adoption, with its total value exceeding $24 billion in the first half of the year, primarily in private credit and US Treasurys. The SEC has issued guidance on digital asset disclosures and approved the first US crypto staking ETF for Solana. Major financial institutions, like JPMorgan Chase, are also exploring tokenization as a new business model, indicating a broader acceptance of this trend in the financial sector.
