Odaily Planet Daily reports: It is harder to obtain clear information; it is recommended that the SEC consider streamlining relevant regulations.
Peirce also addressed issues related to tokenized securities, stating that SEC staff are advancing a potential "innovation exemption" mechanism to allow limited trials of tokenized securities within the existing securities law framework. She questioned whether tokenized securities require additional disclosure and intermediary requirements, noting that blockchain systems can enable faster settlement and, in some cases, bypass traditional intermediaries to complete transactions.
Previously, SEC Chairman Paul Atkins stated that tokenization should be viewed as a significant financial innovation that regulators should encourage. In December last year, the SEC issued a no-action letter to DTCC, permitting it to explore blockchain-based securities tokenization services.
