SEC's new chair makes a big move: U.S. financial markets are going on the blockchain, innovative exemption policies are on the way

【Blockchain Rhythm】On December 12th early morning, breaking news came that the new chairman of the US SEC, Paul Atkins, directly stated that the US financial markets are heading towards the chain.

This new leader’s stance is quite clear: “Under my leadership, the SEC will prioritize innovation and actively embrace new technologies to realize the on-chain future. Of course, investor protection remains the bottom line.” What does he see as the benefit of the on-chain market for investors? Better predictability, increased transparency, and higher efficiency. How exactly will it be played? Participants in DTC can now directly transfer tokenized securities to other participants’ registered wallets, and these operations are recorded and tracked in real-time by DTC’s official records.

Atkins also revealed a major move — the SEC is considering introducing an innovation exemption policy. Simply put, it allows innovators wanting to use new technologies and new models to avoid being hindered by a bunch of cumbersome regulatory clauses and to freely promote the on-chain transformation of the market.

Coincidentally, on the same morning, the SEC approved a large order for DTCC: allowing them to custody and confirm tokenized stocks and RWA assets on-chain. The policy and implementation are almost simultaneous, indicating they are serious this time.