{"id":20347,"date":"2025-05-12T21:43:11","date_gmt":"2025-05-12T21:43:11","guid":{"rendered":"https:\/\/gold.creditcard\/sec-chair-blockchain-holds-promise-of-new-kinds-of-market-activity\/"},"modified":"2025-05-12T21:43:11","modified_gmt":"2025-05-12T21:43:11","slug":"sec-chair-blockchain-holds-promise-of-new-kinds-of-market-activity","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/sec-chair-blockchain-holds-promise-of-new-kinds-of-market-activity\/","title":{"rendered":"SEC Chair: Blockchain 'holds promise' of new kinds of market activity"},"content":{"rendered":"

Blockchain technology could enable \u201ca broad swath of novel use cases for securities\u201d and foster \u201cnew kinds of market activities that many of the Commission\u2019s legacy rules and regulations do not contemplate today,\u201d Securities and Exchange Commission (SEC) Chairman Paul Atkins said<\/a>.<\/p>\n

During his keynote address at the Commission\u2019s May 12 roundtable on tokenization and digital assets, Atkins welcomed \u201ca new day at the SEC,\u201d adding that \u201cpolicymaking will no longer result from ad hoc enforcement actions. Instead, the Commission will utilize its existing rulemaking, interpretive, and exemptive authorities to set fit-for-purpose standards for market participants.\u201d<\/p>\n

Source: <\/em>U.S. Securities and Exchange Commission<\/em><\/a><\/p>\n

A key priority will be to \u201cdevelop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.\u201d<\/p>\n

In particular, Atkins said the SEC would focus on establishing \u201cclear and sensible guidelines\u201d for crypto assets that could be considered securities. Another area of focus would be to allow brokers to offer a broader range of investment products on their platforms, which in some cases may mix securities and non-securities.<\/p>\n

Atkins\u2019 approach moves away from former SEC Chair Gary Gensler\u2019s, whose tenure was criticized by some industry participants for its \u201cregulation by enforcement\u201d<\/a> method of oversight.<\/p>\n

Securities evolution<\/h2>\n

Atkins likened the tokenization of securities to the evolution of audio formats \u2014 from vinyl to cassettes to digital software \u2014 highlighting how each shift enhanced compatibility and interoperability across a wide range of devices and applications. This progression eventually gave rise to streaming content business models, which he said \u201cgreatly benefited consumers and the American economy.\u201d<\/p>\n

SEC’s Crypto Task Force Roundtable on May 12. Source: SEC<\/em><\/p>\n

Securities tokenization is an ongoing topic at the intersection of traditional finance and crypto. Some asset management firms, like BlackRock and Franklin Templeton, have already jumped into tokenization through their respective BUIDL<\/a> and BENJI tokenized US treasury funds. Robinhood is considering building a blockchain<\/a> to allow European retail investors to trade tokenized US securities.<\/p>\n

Tokenized securities may attract interest from firms and brokerages due to features such as faster settlement times, reduced reliance on traditional financial infrastructure, and improved accessibility. Tokenization may also help provide liquidity to asset classes that have historically been illiquid.<\/p>\n

According<\/a> to RWA.xyz, $22.6 billion of real-world assets are onchain, a 7.6% rise in the past 30 days. That doesn\u2019t include stablecoins, which are often backed by real-world assets like treasury bills. Stablecoins have<\/a> a $243 billion market capitalization as of May 12, according to data from DefiLlama. Tether\u2019s USDt (USDT<\/a>) alone has a market cap of $150.6 billion.<\/p>\n

Magazine: SEC\u2019s U-turn on crypto leaves key questions unanswered<\/strong><\/em><\/a><\/p>","protected":false},"excerpt":{"rendered":"

Blockchain technology could enable \u201ca broad swath of novel use cases for securities\u201d and foster \u201cnew kinds of market activities that many of the Commission\u2019s legacy rules and regulations do not contemplate today,\u201d Securities and Exchange Commission (SEC) Chairman Paul Atkins said. During his keynote address at the Commission\u2019s May 12 roundtable on tokenization and […]<\/p>","protected":false},"author":0,"featured_media":20348,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20347"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20348"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}