SEC Chair Atkins Says He Wants Stock Market to Move On-Chain
Minseung Kang
Summary
- Paul Atkins, chair of the U.S. Securities and Exchange Commission (SEC), expressed his intention to shift the stock market to a blockchain-based on-chain framework.
- Atkins said on CNBC's "Squawk Box" that he wants the stock market to move on-chain.
- The remarks show U.S. financial authorities are actively reviewing ways to apply blockchain technology to traditional capital markets.
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Paul Atkins, chair of the U.S. Securities and Exchange Commission, said he wants the stock market to move to a blockchain-based, on-chain system.
Appearing on CNBC's "Squawk Box" on September 29, Atkins said, "I want the stock market to move on-chain."
Moving the stock market on-chain means using blockchain technology in the issuance, trading, settlement and clearing of traditional financial assets such as stocks. Atkins' remarks suggest U.S. financial regulators are actively considering how to apply blockchain technology to traditional capital markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.