SEC Crypto Newsroom/
Looking for Change in Haystacks: Remarks before SIFMA’s Digital Assets Conference
SEC Commissioner Peirce provides remarks on the 'Innovation Exemption' for tokenized securities and advocates for a shift from prescriptive data collection (KYC/AML) toward attribute-based verification using cryptographic tools like zero-knowledge proofs.
medium impactbullishtokenized securities
Read the original report at SEC Crypto NewsroomWhy It Matters
The proposed shift toward attribute-based verification and the 'Innovation Exemption' could reduce regulatory burdens for firms and enhance user privacy while maintaining security, potentially accelerating the adoption of tokenized assets in the US.