US SEC Chair: The Entire US Financial Market Could Move On-Chain Within Two Years

Jinse Finance reported that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, stated that it is expected that within the next two years, the entire U.S. financial market may migrate to blockchain technology that supports bitcoin and cryptocurrencies. In an interview with Fox Business, Paul Atkins said, "This will not only be a trend for the next 10 years, but it may also become a reality within just two years. The next step will come with digital assets, market digitization, and tokenization, which will bring 'huge benefits' for transparency and risk management." Tokenization refers to representing stocks and assets with tradable blockchain-based tokens, a concept hailed as a potential revolution in financial markets.