19.07.2025 01:30

Following the House's approval of the GENIUS Act, the Securities and Exchange Commission (SEC) is actively exploring options to foster the growth of asset tokenization, according to SEC Chair Paul Atkins. This proactive approach, revealed during a recent press conference covered by Bloomberg, suggests a potential "innovation exception" within the existing regulatory framework.

This proposed exception would allow for "novel trading models" and targeted regulatory waivers, paving the way for a fully tokenized securities market. Such a move represents a significant shift, potentially allowing for the development of a vibrant ecosystem built around tokenized assets. The SEC's strategy clearly aims to support this emerging technology rather than stifle its progress.

The SEC's consideration of this innovation exception coincides with a growing trend of financial institutions embracing asset tokenization. Robinhood, for example, has already launched tokenized versions of over 200 major US stocks for its European clientele, including shares of tech giants like Nvidia, Microsoft, and Apple. This highlights the undeniable momentum of traditional assets migrating onto blockchain technology. Chair Atkins explicitly acknowledged this trend, emphasizing the SEC's intention to accommodate, rather than obstruct, this inevitable evolution.

Chair Atkins expressed strong support for the recently passed GENIUS Act, praising its bipartisan support within the House of Representatives. Yesterday's vote saw an overwhelming majority, with 308 votes in favor and 122 opposed, notably including the support of 102 Democrats. The President is expected to sign the GENIUS Act into law later today, a development Atkins eagerly anticipates. He believes this legislation will mark a crucial step forward in regulating the digital asset landscape.