US SEC plans to support the establishment of a regulatory sandbox that allows crypto exchanges to try to tokenize securities trading

PANews reported on April 12 that according to Decrypt, several members of the U.S. Securities and Exchange Commission (SEC) said at the second roundtable of digital assets that they supported the establishment of a digital asset regulatory sandbox and allowed crypto exchanges such as Coinbase to freely conduct experiments in new fields, including providing tokenized securities trading.

"I encourage market participants who are developing new ways to trade securities using blockchain technology on what exemptions may apply," said Mark Uyeda, acting chairman of the U.S. Securities and Exchange Commission. "Uyeda specifically noted that the "time-limited, conditional exemption relief framework" can provide unregistered cryptocurrency exchanges with the freedom to innovate in areas such as tokenized securities, and then formulate relevant rules and laws.