The SEC (U.S. securities regulator) is reportedly preparing to revise KYC (identity verification) requirements so users would verify their identities once to access tokenized securities on-chain. The change is designed to remove redundant checks between trading venues and tokenization platforms, improving composability and interoperability. A zero-knowledge proof-based identity system would allow users to split larger orders across multiple venues while maintaining compliance through a unified on-chain identity standard. The Rollup founder Andy previously attributed the information to a source, and the SEC has not officially confirmed the reported changes.