Following House passage of the GENIUS Act, SEC Chair Paul Atkins said at a press event that the agency is considering an innovation exemption from regulations in order to incentivize tokenization. He explained that SEC staff “is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework, including an innovation exception that would permit novel ways of trading and more narrowly tailored forms of relief to facilitate the building of other components of a tokenized securities ecosystem.” He also released a statement praising the vote as a “historic milestone for crypto entrepreneurs, financial market participants, and everyday Americans.”