SEC Chairman: tokenized securities still subject to federal securities laws, distributed ledger technology may bring multiple opportunities to the financial industry Odaily Planet Daily News: On March 12th, SEC Chairman Paul Atkins stated during an All In Podcast that from his perspective, distributed ledger technology (DLT) has brought many potential advantages to the financial services industry. At present, the industry is in a critical stage where T+0 settlement is expected to be achieved, which means almost real-time delivery and payment can be completed, and even payment can be directly completed through on chain digital assets. He said that this prospect is "very exciting", but in order to prevent risks such as fraud, the system may still need to set up a certain "deceleration mechanism". However, he also pointed out that this model still faces some challenges, such as liquidity. In traditional markets, how to embody the concept of "best buy and sell prices" in the new trading structure remains one of the important issues that needs to be addressed. Atkins emphasized that the fundamental principle of the SEC is that if an asset is essentially a security, even if it is tokenized, its legal attributes remain securities and it still needs to comply with federal securities laws. At the same time, regulatory agencies also have a responsibility to ensure that existing rules can adapt to new application scenarios. As the trading objectives and delivery methods change, the regulatory system also needs to make corresponding adjustments. He stated that the SEC is currently reviewing existing regulatory rules on a case by case basis to assess whether they can adapt to the emerging technology environment and make necessary institutional updates.