PiCK
U.S. SEC Chairman: "Tokenization is 'innovation'...now it's about support, not regulation"
Suehyeon Lee
Summary
- SEC Commissioner Paul Atkins stated that he acknowledges tokenization as 'innovation.'
- He said that the SEC will now focus on supporting innovation in the market rather than further regulation.
- The SEC emphasized that it will enhance regulatory transparency and support market participants in continuing innovation and launching new products.
The U.S. Securities and Exchange Commission (SEC) has acknowledged tokenization as an 'innovation' that should be promoted in the market.
According to Cointelegraph on the 3rd (local time), SEC Commissioner Paul Atkins said in a CNBC interview, "Tokenization is innovation," and that "the SEC should focus on how it can foster innovation in the market."
He also pointed out that Gary Gensler's SEC had stifled innovation through 'regulation by enforcement.' Regarding this, Atkins emphasized, "That era (regulation by enforcement) is over now. From now on, we will increase regulatory transparency and support market participants so they can continue innovation and roll out new products on a solid foundation."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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