The SEC is considering introducing an "innovation exemption" to promote the development of the tokenized securities ecosystem

ChainCatcher news, according to Bloomberg, 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 considering introducing an "innovation exemption" to promote the tokenization process.

Atkins mentioned at a press conference that SEC staff are evaluating adjustments that can be implemented within the existing regulatory framework, including the introduction of an "innovation exemption" to allow for the adoption of new trading mechanisms and to support the development of other key elements of the tokenized securities ecosystem through more targeted exemption approaches.