SEC: ”Tokenized securities companies should be allowed to use regulatory sandboxes to innovate in the market”

Mark Ueda, acting chairman of the U.S. Securities and Exchange Commission, has argued that a regulatory sandbox should be applied to token securities (ST) companies to allow for innovation in the blockchain market.
According to reports, on the 11th (local time), Ueda said at a roundtable meeting of the Virtual Asset Task Force (TF) under the SEC, "While we prepare solutions for virtual asset regulations, we will continue to promote virtual assets for market innovation."
"We need a regulatory sandbox for virtual assets," he said. "While the SEC is preparing the system for the long term, if we introduce a regulatory sandbox for token securities trading companies, blockchain will be able to operate more efficiently.
"There is a possibility that even greater innovation will occur in cryptocurrency technology," he emphasized. The roundtable discussion on the day was reportedly focused on regulations for cryptocurrency trading.