Chair of the Securities and Exchange Commission (SEC) Paul Atkins has announced that the agency is exploring potential changes to regulations to support asset tokenization.
Plans for Tokenization Regulation
At a press conference, Atkins indicated that SEC staff are analyzing what changes could be made to encourage tokenization. "Staff is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework, including an innovation exception."
Impact of the New Stablecoin Law
Atkins' remarks came shortly after the House passed the GENIUS Act—a key stablecoin bill. He welcomed the move, emphasizing the SEC’s commitment to offering clearer guidance for the digital asset industry. Atkins also noted that the tokenization of assets is inevitable, stating, "So if it can be tokenized, it will be tokenized."
Changes in SEC Policy
Paul Atkins expressed a desire to revisit several key policies set by his predecessor, Gary Gensler, who was criticized for overseeing the sector through enforcement. Atkins has previously stated that the agency will simplify crypto asset registration rules and provide more choices for managing and storing customer assets.
The policy changes within the SEC could significantly influence the future of tokenization and the development of regulatory measures in the digital asset industry.
