SEC Chairman: Considering the introduction of a "Crypto Assets Innovation Exemption" policy to encourage the market to advance the tokenization process.

On July 18, Bloomberg reported that SEC Chairman Paul Atkins stated that following the passage of a landmark stablecoin bill by the U.S. House of Representatives earlier this Thursday, the SEC is weighing whether to introduce an "innovation exemption" to incentivize the market to advance the tokenization process. At a press conference, he said: "SEC staff are considering other adjustments that may be taken under the existing regulatory framework to promote the development of tokenization, including the establishment of an 'innovation exemption' that allows for new trading methods, and to facilitate the construction of other key components in the tokenized securities ecosystem through more targeted forms of exemption."