SEC Chairman Paul Atkins says agency is modernizing rules for on-chain markets
The remark signals a push to adapt securities regulation to blockchain-based market infrastructure, though no specific rule changes or timeline were detailed.
Summary
SEC (U.S. securities regulator) Chairman Paul Atkins said the agency is modernizing rules to bring financial markets "on-chain," pointing to an effort to adapt existing market regulation to blockchain-based infrastructure. The comment indicates the regulator is looking at how securities rules may apply as trading, settlement and related market functions move onto distributed ledger systems, but no specific measures, dates or implementation timeline were provided in the statement.
Terms & Concepts
- on-chain: Recorded and executed on a blockchain network
- SEC: U.S. securities regulator
- distributed ledger: Shared digital record across multiple participants