Atkins opened the meeting, stating that the topic of the discussion is timely as \u201csecurities are increasingly migrating from traditional (or \u201coff-chain\u201d) databases to blockchain-based (or \u201con-chain\u201d) ledger systems.\u201d<\/p>\n
The roundtable discussion was the third in a series of four<\/a> addressing tokenization and bringing traditional assets on-chain.<\/p>\n Atkins declared \u201ca new day at the SEC,\u201d pivoting away from regulation by enforcement toward creating clear regulatory frameworks through proper rulemaking processes.<\/p>\n In order for the US to be the \u201ccrypto capital of the planet,\u201d the Commission must \u201ckeep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets,\u201d he said.<\/p>\n \u201cPolicymaking will no longer result from ad hoc enforcement actions.\u201d<\/p>\n Chairman Paul Atkins\u2019 remarks at the Crypto Task Force roundtable on tokenization:<\/p>\n The topic of this afternoon\u2019s discussion is timely as securities are increasingly migrating from traditional (or \u201coff-chain\u201d) databases to blockchain-based (or \u201con-chain\u201d) ledger systems.<\/p>\n \u2014 U.S. Securities and Exchange Commission (@SECGov) May 12, 2025<\/a><\/p>\n\n Atkins compared the migration from traditional to blockchain-based securities to the digital revolution in the music industry. He suggested it could transform securities markets through enhanced liquidity, automation, and novel applications.<\/p>\n There were three main focus areas at the roundtable<\/a>: issuance, custody, and trading.<\/p>\n He acknowledged that few crypto assets have used registered offerings, and is committed to developing clearer guidelines and potentially new registration exemptions for token issuers.<\/p>\n The regulator also plans to provide more options for crypto custody, including revisiting \u201cqualified custodian\u201d requirements and potentially allowing self-custody solutions.<\/p>\n Thirdly, Atkins was supportive of broader trading options, including \u201csuper apps\u201d that combine securities and non-securities trading, and modernizing Alternative Trading System regulations.<\/p>\n \u201cIn the past few years, the SEC first pursued what I call the \u2018head-in-the-sand\u2019 approach \u2013 perhaps hoping that crypto would go away,\u201d he said before adding:<\/p>\n \u201cThen, it pivoted and pursued a shoot-first-and-ask-questions-later approach of regulation through enforcement.\u201d<\/p>\n He referenced dated forms such as the S-1, which may not apply to crypto, adding, \u201cWe cannot encourage innovation by trying to fit a square peg into a round hole.\u201d<\/p>\n Atkins, who took the helm<\/a> of the SEC in April, concluded:<\/p>\n \u201cI am eager to coordinate with colleagues in President Trump\u2019s Administration and Congress to make the United States the best place in the world to participate in crypto asset markets.\u201d<\/p>\n The final roundtable titled \u201cDeFi and the American Spirit\u201d is scheduled for June 9.<\/p>\n Earlier this month, the SEC and Ripple agreed on a $50 million settlement<\/a> that ends the five-year legal battle that was instigated by the previous administration as one of its first moves in its war on crypto.<\/p>\n The post SEC Chair Declares a \u2018New Day\u2019 in Aim to Become \u2018Crypto Capital of the Planet\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Atkins opened the meeting, stating that the topic of the discussion is timely as \u201csecurities are increasingly migrating from traditional (or \u201coff-chain\u201d) databases to blockchain-based (or \u201con-chain\u201d) ledger systems.\u201d The roundtable discussion was the third in a series of four addressing tokenization and bringing traditional assets on-chain. Atkins declared \u201ca new day at the SEC,\u201d […]<\/p>\n","protected":false},"author":0,"featured_media":65916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65915"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65915"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65916"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Issuance, Custody, and Trading<\/h2>\n
Square Peg in Round Hole<\/h2>\n