SEC Chairman Paul Atkins Unveils New Vision for Crypto Regulation at Tokenization Roundtable

SEC Chairman Paul Atkins Outlines Vision for Crypto Regulation at Tokenization Roundtable

Washington, D.C. – In a landmark keynote address at the U.S. Securities and Exchange Commission’s (SEC) fourth Crypto Task Force roundtable on May 12, Chairman Paul Atkins charted a new course for the agency’s approach to digital asset regulation, emphasizing the transformative potential of blockchain-based tokenization and the need for clear, modern rules.

The event, themed “Tokenization: Moving Assets Onchain,” convened industry leaders from both traditional finance and the crypto sector to discuss how blockchain technology is reshaping capital markets. Atkins opened the session by drawing parallels between the digitization of music and the evolution of traditional securities into programmable, on-chain assets. He argued that tokenization could fundamentally change how securities are issued, traded, and managed, unlocking new efficiencies and business models that current regulations may not fully address.

A Shift Away from Enforcement-First Regulation

Signaling a departure from the SEC’s previous “regulation by enforcement” strategy, Atkins pledged to prioritize the development of a rational, technology-neutral regulatory framework tailored to the realities of digital assets. “We cannot force new technology into old regulatory boxes,” Atkins said, underscoring the importance of adapting securities laws to foster innovation while protecting investors.

Atkins outlined three core pillars for the SEC’s future policy:

Issuance: Developing clear guidance for token offerings, including tailored exemptions and registration pathways for crypto projects.

Custody: Expanding options for digital asset custody, including self-custody solutions and updating qualified custodian rules.

Trading: Supporting exchanges and broker-dealers in offering a broader range of digital and traditional assets, and modernizing regulations for alternative trading systems (ATS).

Industry Collaboration and Global Leadership

Atkins also highlighted the SEC’s commitment to interdepartmental and interagency collaboration, as well as ongoing dialogue with Congress, to position the United States as a global leader in crypto innovation. He pointed to the Crypto Task Force’s role in facilitating these efforts and stressed the importance of regulatory clarity for both market participants and investors.

Tokenization’s Promise and Regulatory Challenges

The roundtable featured panels with executives from BlackRock, Nasdaq, Franklin Templeton, and leading crypto firms, who discussed the growing adoption of programmable assets, instant settlement, and the integration of digital assets into established financial infrastructure. Panelists agreed that tokenization enhances liquidity, transparency, and market access, but also acknowledged the need for updated legal frameworks and clearer accountability in blockchain development.

Looking Ahead

Chairman Atkins’ keynote marks a significant shift in the SEC’s stance on digital assets, moving toward proactive rulemaking and industry engagement. As the agency works to build a regulatory environment that balances innovation and investor protection, the U.S. could emerge as a central hub for the global crypto economy.

The full roundtable, including Atkins’ remarks and panel discussions, is available via livestream on the SEC’s official website.