SEC Chair Atkins: Tokenized Deposits Could Gain Regulatory Approval by Next Year
By
SendTech Times Fintech Desk
Summary
SEC Chair Paul Atkins announced that tokenized deposits — a bank-issued digital money product — could receive regulatory approval as early as next year. Speaking at an onstage interview with Larry Kudlow in New York, Atkins tied this initiative to the SEC's Project Crypto, which aims to modernize rules for markets operating on distributed-ledger technology. He also linked crypto rulemaking to ongoing bank-capital discussions with the Fed, FDIC, and OCC, positioning tokenized deposits within the Trump administration's broader push to move financial-market rules on-chain.
Source
bskySEC Chair Atkins: Tokenized Deposits Could Gain Regulatory Approval by Next Yearstechtimes.comKey quotes
· 2 pulledSEC Chair Paul Atkins said tokenized deposits could receive market-regulator approval as soon as next year
He said the SEC is using Project Crypto to modernize rules so markets can operate on distributed-ledger technology
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