🇺🇸 SEC CHAIRMAN PAUL ATKINS SPEAKS ON TOKENIZATION — CNBC
🔸 Paul Atkins called tokenization a major innovation and said the SEC should support market development in this area.
🔸 He criticized outdated regulatory approaches, especially the use of “regulation by enforcement” and a lack of clarity.
🔸 Atkins emphasized his goal is to make rules transparent, allowing innovators to build with confidence.
🔸 He explained that tokenizing U.S. equities could reduce costs and speed up settlement times.
🔸 He also highlighted the tokenization of private companies like SpaceX, which could allow retail investors better access to private credit markets.
🔸 Atkins acknowledged these are complex, illiquid markets with valuation challenges — but ones worth addressing.
🔸 He believes tokenization is the next logical step after the move to T+1 settlement, helping markets become faster and more efficient.
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