SEC Exploring ‘Innovation Exception’ To Boost Tokenization After Historic Crypto Week

Following the historic vote on three major crypto bills, the Securities and Exchange Commission (SEC) is reportedly considering regulatory changes related to digital assets to incentivize the industry.

SEC Eyes New Regulatory Changes

On Thursday, SEC Chairman Paul Atkins affirmed that the regulatory agency is exploring changes to promote tokenization. According to a Bloomberg report, Atkins affirmed that “Staff is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework.”

Among the changes, the SEC is considering an innovation exception that would “permit novel ways of trading and more narrowly tailored forms of relief to facilitate the building of other components of a tokenized securities ecosystem,” the Chairman said at a press event.

He explained that despite the uncertainty of what will happen next, the movement of assets on-chain seems inevitable. “If it can be tokenized, it will be tokenized,” Atkins affirmed. Additionally, the SEC chair highlighted Thursday’s “historic step” in making the US “the Crypto capital of the world,” as President Donald Trump previously promised.

Atkins reportedly praised the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, stating that the agency is looking forward to “establishing clear rules of the road” for the crypto industry.

As reported by Bitcoinist, the GENIUS Act, which focuses on stablecoin regulation, passed the House of Representatives’ Floor with a 308-122 vote. The bill, which received support from 102 Democrats, is now headed to President Trump’s desk and is expected to become the first substantial crypto legislation to be signed into law.

The bill is scheduled to be officially signed today at 2:30 PM EST in a signing ceremony for industry leaders and lawmakers, according to official invites from the White House.

Crypto Clarity To Boost US Dollar, Innovation

Bloomberg’s report noted that supporters believe it could unlock faster and cheaper forms of payments while bringing legitimacy to the sector, forecasted to hit over $3 billion in the coming years.

In a Friday interview with Fox News, MARA CEO Fred Thiel affirmed that the crypto bill’s passage shows the US is taking a leadership position globally, adding that he is bullish on the effect a clear regulatory framework will have on Bitcoin and the crypto market.

“The GENIUS Act is going to be very helpful for providing trust around stablecoins,” he stated, explaining that “when you remove friction from markets and when you give clarity to people, markets can move much freer.”

“Now, I think you are going to see the crypto industry continue to engage itself in a deeper way with the traditional finance industry,” Thiel continued, adding, “What we are really seeing is the rapid maturity of an industry around a very good set of regulations that make it easy for the regulators to control the market and observe the market.”

Similarly, US Deputy Treasury Secretary Michael Faulkender told CNBC the government is providing regulatory and legislative clarity to modernize the payment system and develop the growing crypto industry.

What this is going to do is it’s going to even further cement the dollar as the world’s reserve currency, because by making it easier for people trading internationally for imports and exports, for trade, even domestically, to take place through electronic means, through blockchain technology.

Faulkender considers that by providing this legislative clarity, “it’ll bring faith” to the American people on how to utilize these new systems and concluded that “If we do not provide this kind of clarity, then what’s going to happen is the innovation is going to take place abroad. And the last thing that the American people want to see.”