According to ChainCatcher, as The Block reports, the U.S. House Financial Services Committee held a hearing on "Tokenization and the Future of Securities: Modernizing Capital Markets" on March 25, as the U.S. Securities and Exchange Commission (SEC) prepares to launch an exemption program for tokenized asset innovation.
Republican Representative Andy Barr stated that tokenization of securities is an inevitable trend, and the United States needs to lead this process while protecting investors. Some Democratic lawmakers expressed concern that innovation exemptions could weaken core securities regulation. SEC Chairman Paul Atkins stated that the agency will soon solicit public comments on a range of issues related to future rulemaking, including a proposed innovation exemption that could serve as a regulatory sandbox for on-chain assets. Furthermore, according to crypto journalist Eleanor Terrett, Paul Atkins indicated that the long-awaited tokenization innovation exemption could be released in the coming weeks.
