SEC SEC Chair Paul Atkins says he hopes to put the stock market on-chain
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SEC SEC Chair Paul Atkins says he hopes to promote the transition of the stock market to on-chain operations.
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US SEC Chair: The financial system is moving toward the crypto era; hopes to put the stock market on-chain
PANews September 30 news, the U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said in an interview with live that he hopes to promote the transition of the stock market to on-chain operations, adding that the entire financial system is moving toward Bitcoin and cryptocurrencies.CNBC SEC previously launched an “innovation exemption,” allowing eligible trading venues to conduct on-chain trading of tokenized U.S. stocks.
SEC Chair Paul Atkins said in a CNBC live interview that he hopes to promote the transition of the stock market to on-chain operations.
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Paul Atkins said that the entire financial system is moving toward Bitcoin and cryptocurrencies.
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SEC It previously launched an “innovation exemption,” allowing eligible trading venues to conduct on-chain trading of tokenized U.S. stocks.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
On-chain operations means processing stock-trading-related processes on a blockchain network. Tokenized stocks are U.S. stocks represented by blockchain tokens.
Why it matters to readers
This indicates that SEC the chair publicly expressed a direction toward putting the stock market on-chain, but the evidence does not explain when or how this direction would be implemented comprehensively.
Beginners can understand this as follows: the head of the U.S. securities regulator hopes to explore using blockchain to process stock trading.
Risks and unknowns
The evidence does not provide SEC the formal document for the “innovation exemption,” its specific conditions, or a list of participating institutions.
The evidence does not specify the timing or scope of the stock market’s transition to on-chain operations.
The information comes from PANews’ paraphrase of an interview with CNBC and does not provide the full interview transcript.
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