SEC Commissioner Hester Peirce calls for promoting an innovation exemption mechanism for tokenized securities.

Techub News reported, according to Cointelegraph, SEC Commissioner Hester Peirce delivered a speech at the SEC Investor Advisory Committee, calling on regulators to simplify the disclosure requirements for listed companies and advance an "innovation exemption" mechanism for tokenized securities.

Peirce pointed out that listed companies expend significant resources preparing mandatory disclosure documents, but the related content often fails to effectively enhance the quality of information available to investors and may instead lead to information obfuscation. She believes regulators should avoid excessive intervention in the market. On the topic of tokenized securities, Peirce stated that SEC staff are continuing to advance research on a potential "innovation exemption" mechanism. This would allow for limited experimental exploration of tokenized securities during the assessment period under the current securities law framework. She also noted that blockchain systems hold the promise of enabling faster settlement and reducing reliance on traditional intermediaries in certain scenarios.