Shenchao TechFlow news, on March 12, according to the SEC's official website, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins delivered a speech at the annual meeting of the Investor Advisory Committee on March 12, focusing on three major topics.

First, reduce the burden of unnecessary information disclosure, advocate the principle of "minimum effective dose supervision", emphasize that rules should be centered on importance and flexibly adjusted according to the size of the company; At the same time, it is recommended to extend the application period of the "IPO start-up channel" in the JOBS Act to encourage more small and medium-sized enterprises to go public.

The second is to oppose the SEC's indirect interference in corporate governance through "compliance or explanation" disclosure requirements, believing that such "humiliating regulation" is beyond the scope of the SEC's purview, and governance decisions should be made by shareholders and directors.

The third is to express its position on the tokenization of equity securities, believing that tokenization will help improve settlement efficiency, reduce settlement risks and reduce intermediate links, and revealed that the SEC will consider launching an innovative exemption mechanism to support limited transactions of specific tokenized securities and accumulate experience for formulating a long-term regulatory framework.