TechFlow news, October 16 — According to Theblock, SEC Chair Paul Atkins said at the Washington Fintech Week event that cryptocurrencies and tokenization are the SEC's "top priority."
Atkins emphasized that the SEC aims to build a robust regulatory framework to attract crypto firms that previously left the U.S. back, and to lay the foundation for future innovation. He joked, "I'd like to say we're the Securities and Innovation Commission."
Atkins stated that distributed ledger technology is the most exciting part of the crypto space. In June, he directed staff to consider establishing an "innovation exemption" mechanism to allow companies to quickly bring blockchain-based products and services to market, with implementation planned before year-end. Currently, SEC operations are limited due to the government shutdown.
