Paul Atkins says tokenization boom imminent, ditches SEC ‘regulation by enforcement’

Paul Atkins, the SEC Chairman, noted during a CNBC interview that the current regulations regarding digital assets lack clarity. He predicts a substantial boom in tokenization, emphasizing its potential to enhance market efficiency.

Atkins aims to shift the SEC’s approach, moving away from ‘regulation by enforcement’ toward a more supportive regulatory environment. Recent data highlights a 260% increase in tokenization during the first half of the year, reflecting a trend toward digitized finance.