SEC Commissioner Hester Peirce Calls for Simplifying Disclosure Rules and Advancing Exemption Mechanisms for Tokenized Securities Innovation
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SEC Commissioner Hester Peirce Calls for Simplifying Disclosure Rules and Advancing Exemption Mechanisms for Tokenized Securities Innovation
According to Cointelegraph, SEC Commissioner Hester Peirce delivered a speech on Thursday at the SEC’s Investor Advisory Committee, calling on regulators to streamline disclosure requirements for public companies and advance an “innovation exemption” framework for tokenized securities. Peirce noted that public companies expend substantial resources preparing mandatory disclosure documents, yet such content often fails to meaningfully enhance investors’ access to useful information—and may even obscure it. She argued that regulators should avoid excessive market intervention. On the topic of tokenized securities, Peirce stated that SEC staff are actively researching a potential “innovation exemption” mechanism, which would permit limited experimental exploration of tokenized securities while the existing securities law framework is under review. She also observed that blockchain systems hold promise for enabling faster settlement and reducing reliance on traditional intermediaries in certain use cases.
Navigating Web3 tides with focused insightsTechFlow News, March 13: According to a Cointelegraph report, SEC Commissioner Hester Peirce delivered a speech on Thursday at the SEC’s Investor Advisory Committee, urging regulators to simplify disclosure requirements for public companies and advance an “innovation exemption” framework for tokenized securities.
Peirce noted that public companies expend substantial resources preparing mandatory disclosure documents, yet such disclosures often fail to meaningfully enhance investors’ access to useful information—and may even obscure it. She argued that regulators should avoid excessive market intervention.
Regarding tokenized securities, Peirce stated that SEC staff are actively researching a potential “innovation exemption” mechanism, which would permit limited experimental exploration of tokenized securities while the existing securities law framework is under review. She also pointed out that blockchain systems hold promise for enabling faster settlement and reducing reliance on traditional intermediaries in certain contexts.
