The Chair of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, is considering creating a priority legal framework to promote the process of asset tokenization.
He emphasized the need for regulatory changes to support the development of tokenized securities infrastructure, with the expectation that tokenization will become an inevitable trend in the future.
MAIN CONTENT
The SEC is considering a creative exception to encourage the tokenization of assets.
The new stablecoin law passed by the U.S. Congress is seen as an important step forward.
The SEC chair wants to change cryptocurrency policies compared to the previous term.
What exceptions is the SEC considering to support asset tokenization?
SEC Chair Paul Atkins stated that the agency is researching regulatory adjustments to facilitate asset tokenization, including applying an innovation exception within the current legal framework.
According to him, this will help promote the development of new trading methods and expand appropriate exceptions for the tokenized securities market. This change is based on real-world analysis and positive feedback from major financial institutions interested in the tokenization of U.S. stocks and private assets.
Asset tokenization is an inevitable phase; if an asset can be tokenized, it will certainly be tokenized in the future.
Paul Atkins, SEC Chair, July 2025
What does the new stablecoin law mean for the cryptocurrency market in the United States?
The U.S. House of Representatives' passage of the GENIUS Act on stablecoins is regarded as a historic turning point that helps establish the U.S.'s global leadership position in the cryptocurrency field.
The law requires stablecoin issuers to maintain reserves equivalent to U.S. dollars in low-risk short-term investments, under the supervision of federal or state agencies. Experts and leaders in the cryptocurrency industry, such as Emilie Choi – President of Coinbase, have praised this event for creating a clear legal foundation and strong bipartisan support.
What cryptocurrency policies does Paul Atkins want to change from his predecessor?
In contrast to Gary Gensler's hardline approach, Paul Atkins aims to review and eliminate some regulations in a more flexible direction, including regulations that allow brokers to operate as custodians of digital assets.
He aims to refine the legal framework to create more options for managing and storing assets for users, while also reconsidering the criteria for 'qualified custodians' to align with industry realities. The goal is to build sustainable regulations that are suitable for long-term maintenance without relying too much on congressional legal intervention.
We will establish rules that can last for many years, not temporary ones, and that are easy to apply without waiting for Congress to enact new laws.
Paul Atkins, SEC Chair, May 2025
Why is asset tokenization seen as an unavoidable trend?
Major financial institutions have expressed interest in tokenizing U.S. stocks and creating tokenized products for private businesses, showing the appeal and potential of this technology in optimizing liquidity and opening up new forms of trading.
The immutability and transparency of blockchain help ensure ownership rights and minimize fraud risk, providing a clear advantage for tokenized assets. Mr. Atkins also noted that this process is inevitable as cryptocurrency technologies continue to develop robustly and become more widely applied.
How does the GENIUS Act impact the future of stablecoins in the United States?
The law has laid the groundwork for the sustainable development of the stablecoin market by requiring strict liquidity reserves and close supervision, contributing to enhancing the reputation and trust of investors in the cryptocurrency sector.
Citigroup's estimates suggest that the stablecoin market size could grow from the current $265 billion to $3.7 trillion by 2030 if regulations are effectively implemented. Although there are still some opposing opinions, bipartisan and presidential support is expected to sign the law soon.
How can the SEC facilitate easier registration of cryptocurrency assets?
Paul Atkins has proposed simplifying the cryptocurrency asset registration process by clarifying securities regulations. He wants to expand the scope of activities for special brokers and change the criteria for custodians to reduce market access barriers for businesses and investors.
This reflects the SEC's efforts to create a legal framework that balances technological innovation with customer protection, while also developing the digital asset industry effectively and safely.
What do experts say about the SEC's policy adjustments and the stablecoin law?
Bipartisan support for the stablecoin law marks an important breakthrough in promoting DeFi products to develop more transparently and securely.
Emilie Choi, President of Coinbase, July 2025
Meanwhile, Wall Street banks express their readiness for the application of stablecoins after reporting historic profits, indicating that the adjustments to the law are having a positive impact both on the market and governance risks.
Frequently Asked Questions
What is asset tokenization and why is it important?
Asset tokenization is the process of converting ownership of traditional assets into tokens on the blockchain, helping to increase liquidity and transaction convenience.
How does the new stablecoin law in the United States affect investors?
The new law requires stablecoin issuers to have equivalent reserves and tight supervision, helping to protect investors and enhance market trust.
What will the SEC change to support the cryptocurrency market?
The SEC plans to ease strict regulations, expand exceptions, and create more flexible mechanisms for the registration, custody, and trading of cryptocurrencies.
What types of assets can be tokenized?
Tokenizable assets include stocks, real estate, private products, and many other types of financial assets on the blockchain.
Does the SEC need to wait for Congress to approve a new law before changing its policies?
The SEC can issue and amend operational rules without necessarily waiting for Congress to pass new laws, according to Paul Atkins.
Source: https://tintucbitcoin.com/sec-xem-xet-mien-tru-thuc-day-token-hoa/
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