The U.S. Securities and Exchange Commission (SEC) may soon open the door to mass asset tokenization. SEC Chair Paul Atkins announced that the agency is considering regulatory exemptions specifically designed to accelerate blockchain adoption in traditional finance.

🗣️ “We’re evaluating what changes could help foster tokenization, including an innovation exemption,” Atkins told reporters, adding that the SEC is working to create a more modern and accessible framework for digital assets.

🪙 Tokenization: The Financial Future Is on the Blockchain

Atkins openly declared that most financial assets will eventually be tokenized. He noted that several institutions are already testing tokenization of U.S. equities and private company shares.

“If it can be tokenized, it will be tokenized,” he stated, emphasizing that the transition to blockchain infrastructure is inevitable.

He also praised the passage of the GENIUS Act on Thursday in the House of Representatives, calling it a “historic step” toward making the U.S. a global leader in crypto innovation.

📈 Stablecoins Are Booming – But Not Everyone Is Celebrating

The bill is expected to enable faster and cheaper payments, while improving credibility in the $265 billion stablecoin sector, which analysts at Citigroup predict could grow to $3.7 trillion by 2030.

Despite strong bipartisan support – including over 100 Democratic votes – the bill has also faced criticism. Senator Elizabeth Warren, for example, argued that consumer protections remain inadequate.

Concerns were also raised about President Trump’s involvement in crypto ventures. According to Bloomberg, Trump and his family allegedly earned $620 million through projects like World Liberty Financial, the TRUMP and MELANIA meme coins, and a 20% stake in American Bitcoin.

🏛️ Coinbase Celebrates as Bill Heads to Trump’s Desk

Emilie Choi, President of Coinbase, hailed the bill as a “tremendous milestone”, noting that it introduces clear regulatory rules for stablecoins and broader market structure. Among other things, it requires issuers to hold equivalent dollar reserves in short-term Treasury bills or similarly safe assets.

The legislation is expected to reach President Trump’s desk by the end of the week, and he is widely expected to sign it.

⚖️ End of the Gensler Era? Atkins Shifts SEC’s Crypto Strategy

Paul Atkins has taken a sharply different approach from his predecessor Gary Gensler, who was criticized for regulating crypto primarily through enforcement actions.

Atkins, on the other hand, has announced plans to repeal key rules from Gensler’s era, including those that limited brokers from acting as custodians for digital assets. The SEC under Atkins is now:

🔹 Simplifying the registration process for crypto assets

🔹 Allowing more flexible custody solutions for customer funds

🔹 Preparing new standards for qualified custodians

🔹 Permitting broader trading of nontraditional and non-security assets

Atkins emphasized that the agency does not need to wait for Congress – many of these changes can be made immediately, using the SEC’s existing authority.


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