US SEC Chair: Promoting Regulatory Simplification and Supporting Innovation Exemptions for Equity Tokenization

ZkProver · 2026-03-17T16:16:59+00:00

U.S. SEC Chair Paul S. Atkins raised three major topics at an Investor Advisory Committee meeting: reducing information disclosure burdens, opposing "comply or explain" style regulation, and supporting equity security tokenization to improve trading efficiency and reduce risk.

ZkProver

2026-03-17 16:16:59

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ChainCatcher reports that SEC Chair Paul S. Atkins delivered a speech at the annual Investor Advisory Committee meeting, focusing on three main topics.

First, he emphasized reducing unnecessary disclosure burdens, advocating for the principle of “minimum effective regulation,” which emphasizes that rules should be based on importance and flexibly adjusted according to company size. He also suggested extending the applicable period of the “IPO pathway” under the JOBS Act to encourage more small and medium-sized enterprises to go public.

Second, he opposed SEC’s indirect intervention in corporate governance through “compliance or explanation” disclosure requirements, considering such “shaming regulation” beyond SEC’s authority. Governance decisions should be made by shareholders and directors themselves.

Third, regarding the tokenization of equity securities, he stated that tokenization can improve settlement efficiency, reduce settlement risk, and cut out intermediaries. He also revealed that the SEC is considering introducing an innovative exemption mechanism to support limited trading of certain tokenized securities and to gather experience for developing a long-term regulatory framework.

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