SEC Chair Calls Stablecoin Bill ‘Historic’, Pushes Tokenization Exception

Securities and Exchange Commission Chairman Paul Atkins has proposed an "innovation exception" to facilitate the tokenization of stablecoins, following the U.S. House of Representatives' passage of the landmark GENIUS Act. The MOVE signals the SEC's intent to provide regulatory clarity for digital assets while fostering institutional adoption.

Atkins described the stablecoin legislation as a "historic event" that could position the U.S. as a global crypto leader. The SEC is actively exploring tailored regulatory relief to encourage tokenized securities trading and infrastructure development.

The agency's focus on creating a conducive framework for tokenization reflects growing institutional interest in digital assets. Market participants anticipate these developments could accelerate mainstream adoption of blockchain-based financial instruments.