SEC Commissioner Mark Uyeda has praised tokenization, highlighting its potential to enhance transaction security, transparency, and immutability. Uyeda's remarks, made during a meeting of global securities regulators, signify a notable shift in the SEC's historically hostile stance towards blockchain technologies, as reported by Fox Business. Tokenization is also seen as a way to help community banks stay competitive and serve local employers, as stated by a US Republican and Chairman of House Admin. This sentiment is echoed by industry experts who view tokenization as a significant advancement for both traditional and blockchain industries, altering perceptions of investment and asset ownership.
SEC PRAISES TOKENIZATION FOR THE FIRST TIME - “MAY REMOVE THE NEED FOR MOST INTERMEDIARIES” - According to Fox Business’ @EleanorTerrett, Mark Uyeda of the Securities and Exchange Commission has praised ‘tokenization’, despite his agency’s historically hostile stance toward… https://t.co/jiMJtiQVRp https://t.co/Kb5y9rQZPO
🚨BREAKING: SEC COMMISSIONER PRAISES TOKENIZATION; "MAY PROVIDE TRANSACTIONS WITH A HIGHER LEVEL OF SECURITY, TRANSPARENCY, AND IMMUTABILITY" ~ @ELEANORTERRETT
🚨NEW: @SECGov Commissioner Mark Uyeda just touted the merits of tokenization while speaking at a meeting of global securities regulators: “Tokenization may provide transactions with a higher level of security, transparency, and immutability. It also may remove the need for…
“Tokenization is a big step forward for the traditional and blockchain industry alike. It represents a significant shift in the way traders perceive investment and asset ownership.” — @FXFinanceFeeds https://t.co/WMfUiE0CYS
🚀US Republican and Chairman of House Admin says that tokenization can help community banks stay competitive and continue to serve local employers. 💁♂️It has great potential to level the playing field. Tokenization is inevitable❗️ #Tokenisation #DeFiRevolution… https://t.co/5pjLKeoBxE
The @SECGov's recent decision sets #Ethereum up for success in numerous new ways, says @isolot, Senior Global Markets Strategist of Marex Solutions. https://t.co/BuGaIZT3nP