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New SEC Chair Sees Tokenization as Path to Financial Innovation

  • New SEC Chair Paul Atkins views tokenization as a means of promoting financial innovation in the capital markets.
  • Atkins believes blockchain-based asset tokenization should be encouraged rather than restricted, contrasting with the approach of former SEC Chair Gary Gensler.
  • Tokenization is gaining global traction, with its role in accelerating crypto adoption highlighted in various reports and its value exceeding $24 billion this year for tokenized real-world assets.
  • Under Atkins, the SEC has adopted a pro-crypto stance, providing clearer guidelines for digital assets and approving the first crypto staking ETF in the U.S., reflecting a shift in regulatory focus towards tokenization.

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