Former SEC Chairman Paul Atkins: Considering Introducing Cryptocurrency Innovation Exemption Policy to Advance Tokenization

According to SEC Chairman Paul Atkins, after the U.S. House of Representatives passed a landmark stablecoin bill earlier this week on Thursday, the SEC is weighing whether to launch an "innovation waiver" to incentivize the market to advance the tokenization process. He said at a press conference: "SEC staff are considering other adjustments that may be taken under the existing regulatory framework to promote the development of tokenization, including the establishment of an innovation waiver to allow for new trading methods and to promote the construction of other key components in the tokenized securities ecosystem through more targeted exemptions." [Odaily Planet Daily News]