BlockBeats news, March 26, as the U.S. Securities and Exchange Commission (SEC) prepares to launch a tokenized asset innovation exemption program, the U.S. House Financial Services Committee held a hearing on “Tokenization and the Future of Securities: Modernizing Capital Markets” on March 25. Republican Representative Andy Barr stated that the tokenization of securities is an inevitable trend, and the U.S. needs to lead this process while protecting investors. Some Democratic lawmakers expressed concerns that the innovation exemption could weaken core securities regulation.
SEC Chairman Paul Atkins said the agency will soon solicit public feedback on a series of issues related to future rulemaking, including a proposed innovation exemption that could serve as a regulatory sandbox for on-chain assets. Additionally, according to crypto journalist Eleanor Terrett, Paul Atkins indicated that the long-awaited tokenization innovation exemption may be introduced in the coming weeks.
