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

ZkProver · 2026-03-16T16:02:57+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

2026-03-16 16:02:57

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ChainCatcher news 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,” with rules centered on materiality and flexible adjustments based on company size. He also suggested extending the applicability period of the “IPO Startup Path” 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 risks, and cut out intermediaries. He also revealed that SEC is considering introducing an innovative exemption mechanism to support limited trading of certain tokenized securities and to gain experience in developing a long-term regulatory framework.

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