ME News reports that on September 29 (UTC+8), U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins, in a live interview with CNBC, expressed his desire to transition the stock market onto the blockchain, stating that the entire financial system is moving toward Bitcoin and cryptocurrencies. Previously, the SEC introduced an "innovation exemption" allowing qualified trading venues to conduct on-chain trading of tokenized U.S. stocks. (Source: ChainCatcher)
U.S. SEC Chairman Hopes to Move Stock Market Onto Blockchain
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Summary
SEC news from September 29 reveals that U.S. SEC Chairman Paul Atkins aims to transition stock market operations to blockchain. He noted that the financial system is moving toward Bitcoin and cryptocurrencies. The SEC has already introduced an "innovation exemption" to permit on-chain trading of tokenized U.S. stocks, supporting blockchain innovation in the market.
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