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SEC Chair Paul Atkins has emphasized the inevitability of asset tokenization and praised the GENIUS Act as a foundation for financial innovation. The legislation aims to streamline payments and enhance regulatory clarity for digital assets.
- The GENIUS Act mandates stablecoin issuers to maintain 1:1 reserves and undergo annual audits.
- SEC Chair Paul Atkins supports innovation exemptions to accelerate asset tokenization.
- The rescission of Staff Accounting Bulletin No. 121 removes hurdles for crypto custodial services.
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