Comment on tokenization from the SEC chairman: "That era is in the past"

Following Gary Gensler, who took a tough stance against the crypto world, Paul Atkins, who has taken over the (SEC) of the Securities and Exchange Commission, stated that they would provide support for new technologies.

"Not to block, but to promote by regulating..."

Atkins stated that in previous years, the SEC has hampered innovation with penalties.

"We believe that rather than blocking tokenization, it should be encouraged through regulation. In previous years, the SEC chose to regulate innovation with penalties, effectively undermining it. Rules should be transparent... Additionally, they should be open to innovations... Tokenization can further enhance security. At the same time, it can accelerate transactions, which in turn increases the number of customers. Tokenization is a form of innovation, it is a tool to modernize capital markets, not to violate rules."

"We are tracking the continuously emerging new coins"

In the crypto world, the emergence of a new coin every day and some reaching market values of hundreds of millions of dollars in just a few days has led to the question of Atkins, who admitted the lack of regulation:

"A balance must be struck between innovation and regulation, but the fundamental principle is to protect the investor. We acknowledge the lack of regulation in crypto markets, but this does not mean we will turn a blind eye to manipulative behaviors. As the SEC, we are actively working against these situations. We are monitoring developments."

As a reminder, many crypto exchanges have recently taken steps towards tokenization. Kraken, Bybit, and Robinhood had started offering tokenized stocks to customers outside the US.

Published: July 2, 2025 17:31