The US Securities and Exchange Commission (SEC) is now seeing tokenization as a “change” to be encouraged in the marketplace, according to the seat Paul Atkins, who has taught a clear regulation since the end of the Sec Gary Gensler’s office.
“Tokenization is a change,” Atkins Says In an interview with CNBC on Wednesday. “And we in the SEC must be focused on how we can promote a change in the market.”
Atkins compared his crypto regulation approach to his preceding, said the SEC had previously counteract the change through unclear laws and “regulations through implementation.”
“That day is over,” Atkins said, and added:
“My whole goal is to make things clear from the regulation aspect and give people a solid foundation where it will change and exit new products.”
Atkins swore as SEC Chair in April after that US president Donald Trump appointed On the day of the start. He is widely recognized for his openness in cryptocurrency and digital finances, as well as his emphasis on developing a stable regulation framework for the sector.
The Atkins, like the others, recognized the importance of supporting the growing economy of tokenization.
Tokenization appeared as a major crypto adoption driver, thanks to a large part in a more pro-crypto regulation environment in the United States, according to A recent report of research in Binance Distributed with cointelegraph.
The World Economic Forum The tokenization is also viewed as a promising bridge between traditional financial and blockchain systems, with the potential to reinstate global finance.
Excluding stablecoins, the total amount of tokenized real-world assets exceeded $ 24 billion in the first half of the yearwith private credit and US Treasurys that make up most of the market, according to a report by Redstone.
Related: Midas launches tokenized T-Bill in Algorand
The SEC does the tangible development in crypto regulations
The desirable view of the Atkins of tokenization is aligned with one of the sec Dear Mission – that is, “facilitating capital development” to help businesses and entrepreneurs create jobs and drive change.
The pro-crypto push seat, in particular, is matched by tangible development in the face of regulation. In April, the Sec’s Division of Corporation Finance Released a guide to the disclosure of the company In relation to digital property, which aims to clarify which tokens are falling under security laws.
The regulator also approved the first US Crypto Staking Exchange-Traded Fund (ETF) for Solana (Sol), which allows investors to handle cryptocurrency and earn yield by staking.
The approved fund, issued by Rex Shares and Osprey, debuted on Wednesday.
Large financial institutions also respond to the shift of pro-industrial regulation by prioritizing tokenization as a new business model.
According to BloombergThe JPMorgan Chase explored the tokenization of carbon credits through its Kinexys blockchain unit, in collaboration with the S&P Global Commodity Insights, the International Carbon Registry and Ecoregistry.
https://www.youtube.com/watch?v=jmqj01_zka8
Magazine: Bitcoin vs. The Stablecoins Showdown has been in the Hurso as the Genius Act is near
