SEC Chair: Tokenization Innovation Exemption Policy Could Be Rolled Out in Coming Weeks

BlockBeats News, March 26th. On the occasion of the U.S. Securities and Exchange Commission (SEC) preparing to launch a Tokenized Assets Innovation Exemption Plan, the U.S. House Financial Services Committee held a hearing on "Tokenization and the Future of Securities: Modernizing the Capital Markets" on March 25th. Republican Congressman Andy Barr stated that security tokenization is already a trend, and the United States needs to lead this process while protecting investors. Some Democratic lawmakers expressed concerns that the innovation exemption may weaken core securities regulations.

SEC Chairman Paul Atkins stated that the agency will soon seek public feedback on a series of issues related to future rulemaking, including a proposed innovation exemption that could serve as a regulatory sandbox for on-chain assets. Additionally, according to crypto journalist Eleanor Terrett's report, Paul Atkins mentioned that the long-awaited tokenization innovation exemption may be introduced in the coming weeks.