Brian Armstrong said progress by Paul S. Atkins and the SEC on token classification marks a long-awaited step toward modernizing the financial system. He said he has pushed for clear cryptocurrency rules for years and argued that classifying tokens is necessary for the United States to remain innovative. Armstrong also said he wants the SEC (U.S. securities regulator) to issue an Innovation Exemption so tokenized stocks can trade on-chain, and added that lawmakers should move quickly on the CLARITY Act and shift markets on-chain before other regions do.