The American Securities and Exchange (SEC) commission now considers tokenization as an “innovation” to be encouraged on the market, according to President Paul Atkins, which highlighted a clear regulatory change since the end of the mandate of the former SEC president, Gary Gensler.
“Tokenization is an innovation”, Atkins said In a CNBC interview on Wednesday. “And we, at the dry, must focus on the way in which we advance innovation on the market.”
Atkins contrasted its approach to cryptographic regulations with its predecessors, claiming that the SEC had previously hindered innovation through waves and “application regulations”.
“This day is over,” said Atkins, adding:
“My goal is to make things transparent from the regulatory aspect and give people a firm base on which innovate and go out with new products.”
Atkins took oath as president of the dry in April after being Nominated by US President Donald Trump The day of the inauguration. It was widely recognized for its opening to cryptocurrency and digital finance, as well as its emphasis on the development of a robust regulatory framework for the sector.
Atkins, like others, recognized the importance of supporting the economy of increasing tokenization.
Tokenization has become a key engine for the adoption of crypto, largely thanks to a more pro-Crypto regulatory environment in the United States, according to A recent research report in binance Shared with Cointelegraph.
THE World Economic Forum Also considers tokenization as a promising bridge between traditional financial systems and blockchain, with the potential to reshape global finance.
To the exclusion of Écunines, the total value of the active world tokenized has exceeded $ 24 billion in the first halfWith private credit and American treasury constituting most of the market, according to a Redstone report.
In relation: Midas launches a t-bill tokenized to Algorand
SEC makes tangible progress on cryptographic regulations
The favorable vision of the tokenization of Atkins aligns with one of the dry Longtime missions – namely, “facilitate capital training” to help companies and entrepreneurs create jobs and stimulate innovation.
The pro-Crypto chair thrust, in particular, has been paved by tangible progress on the regulatory front. In April, the financing division of dry companies Emitting guidance on business disclosure Linked to digital assets, aimed at clarifying which tokens fall under securities laws.
The regulator also recently approved the first US Fund on the Stock Exchange (ETF) for Solana (GROUND), allowing investors to keep cryptocurrency and gain performance thanks to jalitude.
The approved fund, issued by Rex and Osprey actions, made his debut on Wednesday.
Large financial institutions also respond to pro-industrial regulatory change by prioritizing tokenization as a new commercial model.
According to BloombergJpmorgan Chase explores the tokenization of carbon credits through its Kinexys blockchain unit, in partnership with S&P Global Commodity Insights, the International Carbon Register and the Eco -Gotters.
https://www.youtube.com/watch?v=JMQJ01_ZKA8
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