SEC Chairman Advocates for New E-Delivery Rule: In the Era of AI and Blockchain, Paper Delivery Should Become a Relic of the Past

In a BlockBeats report on July 17, the U.S. Securities and Exchange Commission (SEC) officially proposed the new rule "Regulation E-Delivery," significantly expanding the use of electronic delivery by issuers, broker-dealers, investment advisers, and other entities to meet disclosure and delivery requirements under federal securities laws. This move aims to promote electronic delivery as a more mainstream and flexible option, replacing traditional paper delivery.

SEC Chair Paul Atkins stated that this is another step towards establishing a regulatory framework suitable for the modern age and a key pillar of his agenda since taking office. "In the era of artificial intelligence and blockchain technology, paper delivery by default should be a relic of the past, not the standard." Previously, Atkins had launched "Project Crypto" to promote the modernization of on-chain markets. This new electronic delivery rule aligns with his overall regulatory modernization agenda, and the proposal will now enter a public comment period.