Tokenization Key to Modernizing US Markets
The post Tokenization Key to Modernizing US Markets appeared on BitcoinEthereumNews.com. The Strategy: SEC Chair Paul Atkins designates “tokenization” as the industrial strategy to modernize US capital markets, launching the “Project Crypto” initiative. The Rules: A new “Token Taxonomy” will legally separate Digital Commodities, Collectibles, and Tools from Securities, ending the “regulation by enforcement” era. The Privacy: The SEC’s Dec 15 roundtable will feature Zcash founder Zooko Wilcox, signaling a potential policy thaw on privacy-preserving infrastructure. Securities and Exchange Commission (SEC) Chair Paul Atkins has formally aligned the agency’s mission with the digital asset revolution, declaring “tokenization” as the critical alpha required to modernize America’s aging capital markets infrastructure. In a definitive signal to Wall Street, Atkins outlined the next phase of “Project Crypto,” a comprehensive regulatory overhaul designed to integrate blockchain rails into the federal securities system. Related: U.S. SEC Signals Privacy Enhancement in Tokenization of Securities U.S. SEC Chair Touts Tokenization as the Needed Element for Modernizing Capital Markets According to Chair Atkins, tokenization is the alpha needed to modernize the capital markets in the United States. As such, Chair Atkins noted that the SEC’s Project Crypto will focus on issuing clarity under the existing rules as Congress awaits passing the CLARITY Act. Moreover, the SEC Chair believes that major global banks and brokers will adopt tokenization of real-world assets (RWA) in less than 10 years. Currently, the SEC is working closely with the sister agency Commodity Futures Trading Commission (CFTC) to catalyze the mainstream adoption of tokenized assets. Chair Atkins stated that tokenization of capital markets provides certainty and transparency in the securities industry. From a regulatory perspective, Chair Atkins stated that tokenized securities are still securities and thus bound by the existing securities laws. However, Chair Atkins stated that digital collectibles, commodities, and tools are not securities, thus not bound by the 1940s Howey test. As such,…
BitcoinEthereumNews2025/12/08 18:35