SEC Commissioner Mark T. Uyeda, speaking at the 2026 Asset Management Derivatives Forum, emphasized the need for technology-neutral regulation in the development of security tokenization. Uyeda highlighted the SEC's shift from enforcement to promoting limited scope pilots through regulatory guidance and no-action letters, aiming to focus on outcomes rather than processes while ensuring investor protection. Additionally, Uyeda noted the progress in implementing Treasury securities clearing rules, with the SEC approving two new clearinghouses, CME Securities Clearing and ICE Clear Credit. This development is expected to provide market participants with more clearing options and potentially free up $34.5 billion in balance sheet space for U.S. global systemically important banks if implemented by mid-2025.