Today's speech by SEC Chairman Paul Atkins was very clear: support for the migration from traditional to crypto finance.
That is, the future of finance, including the database of securities, has the opportunity to migrate from off-chain to on-chain. "Just as audio recording has revolutionized the music industry from analog vinyl to tape and today's digital software, the migration of on-chain securities is likely to reshape every aspect of the securities market, whether through distribution, trading, holding, and use." In the future, the SEC will work to "set practical standards for market participants through rulemaking, interpretation, and immunity."
What does this mean, that is, the other day I said, crypto stablecoins will usher in the biggest explosion period, and RWA (especially US bonds and US stocks, etc.) will usher in a real on-chain moment. In this process, how Ethereum carries this asset with a scale of more than tens of trillions of dollars will be the biggest narrative in this cycle, except for crypto AI.
The SEC held a roundtable on asset tokenization ("Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet." on the 12th. and its chairman, Paul Atkins, will also give a speech.
In addition to the arrival of the tide of stablecoins in the next few years, the possibility of more assets such as U.S. bonds and U.S. stocks on the chain is greatly increasing.
In the next few years, the probability of an on-chain economy exceeding $10 trillion is increasing.
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