SEC Chairman Paul Atkins emphasized that tokenized securities are still subject to federal securities laws, despite the potential benefits of distributed ledger technology (DLT). Speaking on the All-In Podcast, Atkins highlighted the exciting prospect of T+0 settlement, which could enable nearly instantaneous delivery and payment via digital assets on-chain. However, he noted challenges such as liquidity issues and the need to redefine traditional market concepts like best bid and offer.
Atkins stressed the importance of adapting regulatory frameworks to accommodate new technologies, ensuring that rules align with practical applications. He confirmed that the SEC is reviewing its regulations to ensure they are suitable for emerging technologies. Coordination with the CFTC is ongoing, with the SEC overseeing tokenized securities and the CFTC handling cryptocurrencies and digital tokens.
SEC Chair Affirms Tokenized Securities Remain Under Securities Law
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