#CryptoRoundTableRemarks SEC Embraces Tokenization Revolution in Landmark Roundtable, Charts New Regulatory Path **Washington D.C., June 11, 2025** — In a sweeping policy shift, SEC Chairman Paul Atkins declared blockchain-based securities “the Spotify moment for capital markets,” positioning the U.S. to become the “crypto capital of the planet” under President Trump’s vision. The remarks came during the SEC’s May 12 roundtable on asset tokenization—a process migrating traditional securities onto blockchain ledgers—which revealed both enthusiasm and caution among regulators .

Key Transformations Ahead

Chairman Atkins outlined three pillars of the SEC’s crypto strategy:

1. **Issuance Overhaul:** Criticizing past “head-in-the-sand” and “regulation-by-enforcement” approaches, Atkins announced plans to modernize disclosure rules. Current forms (like S-1) demand irrelevant executive compensation details for crypto assets, stifling innovation. The Division of Corporation Finance will issue temporary guidance while developing crypto-specific registration pathways .

2. **Custody Flexibility:** The SEC rescinded controversial Staff Accounting Bulletin 121—a move applauded by custody providers—and will expand “qualified custodian” definitions to include state-chartered trust companies and even self-custody solutions for advisers. Broker-dealer custody rules may also be rewritten .

3. **Trading Innovation:** “Super apps” offering combined securities/non-securities trading will get green lights, alongside modernized rules for alternative trading systems (ATS). This could enable “pair trading” of crypto and stocks on single platforms .