The post SEC Chair Calls Stablecoin Bill ‘Historic’, Pushes Tokenization Exception appeared first on Coinpedia Fintech News
The Securities and Exchange Commission Chairman, Paul Atkins, proposes an “innovation exception” to promote the tokenization of stablecoins. The move comes after the US House of Representatives passed the landmark stablecoin bill on Thursday. Atkins said that the SEC is actively looking forward to establishing clear rules for the digital asset space.
Paul Atkins Proposes “Innovation Exception” Project for Digital Assets
At a press event, Atkins called the stablecoin legislation, the GENIUS Act, a “historic event” in making the US a crypto capital of the world, while reiterating the SEC’s proactive work on digital assets.
He stated, “Staff is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework, including an innovation exception that would permit novel ways of trading an
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