PANews reported on March 17 that, according to The Block, U.S. SEC Commissioner Hester Peirce stated in an interview with CNBC that regulators welcome asset management companies exploring tokenization to proactively engage in dialogue. Peirce said the SEC hopes to work with companies experimenting with new financial products (including tokenized instruments) to jointly explore market acceptance of these products. She emphasized that the SEC is not a "good or bad regulator" and does not determine the merits of financial products, but rather ensures that products comply with legal restrictions and disclosure requirements.

Peirce stated that in recent years, with the shift in attitudes towards blockchain technology, more and more companies have approached the SEC regarding tokenization plans. She mentioned last week that SEC staff are exploring a “narrower” innovation exemption that would allow limited experimentation with certain tokenized securities within the existing regulatory framework while preserving investor protection. Peirce indicated that legal, operational, and technical issues are expected as companies test these models, but regulators hope to work alongside the industry to resolve these challenges.