According to Odaily Odaily, it is becoming increasingly difficult to obtain clear information, and the SEC is advised to consider streamlining the relevant rules.
Peirce also addressed the issue of tokenized securities, stating that SEC staff are working on a potential "innovation exemption" mechanism that would allow limited experimentation with tokenized securities within the existing securities law framework. She also questioned whether tokenized securities would require additional disclosure and intermediary requirements, noting that blockchain systems can achieve faster settlement speeds and, in some cases, bypass traditional intermediaries to complete transactions.
Previously, SEC Chairman Paul Atkins stated that he viewed tokenization as a major financial innovation that regulators should encourage. The SEC issued a no-action letter to the DTCC last December, allowing it to explore blockchain-based securities tokenization services.
