PANews reported on March 13th, citing Cointelegraph, that U.S. SEC Commissioner Hester Peirce, speaking to the Investor Advisory Committee, stated that regulators should avoid excessive market intervention and consider simplifying disclosure requirements. She pointed out that publicly traded companies often spend too much time preparing mandatory disclosures, which may instead obscure rather than clarify information. Peirce mentioned that SEC staff are exploring possible "innovation exemptions" that would allow limited experimentation with tokenized securities while assessing how existing securities laws apply to blockchain-based markets. She questioned whether tokenized securities require additional disclosure and intermediary requirements, noting that blockchain systems can enable faster settlements and, in some cases, eliminate the need for traditional intermediaries.