SEC’s Uyeda Says Tokenization Pilot Will Guide Future Rules

SEC Commissioner Mark Uyeda outlined a potential rethink of core U.S. market-structure rules, covering equity trading venues, price discovery, corporate reporting frequency and shareholder voting. The discussion also considers whether private-market assets should be available in retirement accounts, an issue with potentially significant implications for asset managers, retirement plans and private-capital markets. No specific policy actions, timetable or quantitative proposals were disclosed.