SEC Chairman: We are considering introducing an "innovation exemption" policy for cryptocurrencies to incentivize the market to advance the tokenization process

On July 18th, according to Bloomberg, Paul Atkins, the Chairman of the US Securities and Exchange Commission (SEC), stated that the SEC is weighing whether to introduce an "innovation exemption" to incentivize the market to advance the tokenization process following the landmark stablecoin bill passed by the US House of Representatives earlier this Thursday. He said at a press conference, "SEC staff are considering other possible adjustments to promote tokenization within the existing regulatory framework, including establishing an 'innovation exemption' that allows for the adoption of new trading methods and promoting the construction of other key components of the tokenized securities ecosystem through more targeted exemption forms