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

ZkProver · 2026-03-20T17:02:27+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

2026-03-20 17:02:27

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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, reducing unnecessary disclosure burdens by promoting the “minimum effective regulation” principle, emphasizing that rules should be centered on importance and flexibly adjusted based on company size; also suggesting extending the applicable years of the “IPO pathway” under the JOBS Act to encourage more small and medium-sized enterprises to go public.

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

Third, regarding the tokenization of equity securities, stating that tokenization can improve settlement efficiency, reduce settlement risks, and cut out intermediaries. He also revealed that the SEC is considering launching 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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