[SEC Commissioner Uyeda: Tokenization of Securities Markets Requires Technology-Neutral Regulation] Mark T. Uyeda, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated at the 2026 Asset Management Derivatives Forum that the SEC has approved the registration of two new clearing agencies, CME Securities Clearing and ICE Clear Credit, providing market participants with more clearing options. According to data from the Office of Financial Research, if the Treasury clearing rules are implemented within the first eight months of 2025, U.S. global systemically important banks could free up an average of $34.5 billion in balance sheet space. Regarding the tokenization of securities markets, Uyeda emphasized that the SEC has shifted away from enforcement-led approaches and is now promoting limited pilot programs through regulatory guidance and exemption orders. He also pointed out that SEC rules should remain technology-neutral, focusing on outcomes rather than processes, while ensuring investor protection measures.