SEC Commissioner Uyeda: Tokenization of Securities Markets Requires Technologically Neutral Regulation
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Mark T. Uyeda, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated at the 2026 Asset Management Derivatives Forum that the SEC has approved the registration of two new clearing agencies, CME Securities Clearing and ICE Clear Credit, providing market participants with more clearing options. According to data from the Office of Financial Research, if the Treasury clearing rules are implemented in the first eight months of 2025, U.S. global systemically important banks could free up an average of $34.5 billions in balance sheet space. Regarding the tokenization of securities markets, Uyeda emphasized that the SEC has shifted from an enforcement-led approach to promoting limited-scope pilots through regulatory guidance and exemption orders, and pointed out that SEC rules should remain technologically neutral, focusing on outcomes rather than processes, while ensuring investor protection measures.
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