PANews reported on April 12 that according to Decrypt, several members of the U.S. Securities and Exchange Commission (SEC) expressed support for the establishment of a digital asset regulatory sandbox at the second digital asset roundtable, allowing crypto exchanges such as Coinbase to freely experiment in new areas, including providing tokenized securities trading.

“I encourage market participants who are developing new ways to conduct securities transactions using blockchain technology to provide input on which exemptions may be applicable,” said Mark Uyeda, acting chairman of the SEC, in a pre-recorded video statement. Uyeda specifically noted that a “time-limited, conditional framework for exemption relief” could provide unregistered cryptocurrency exchanges with the freedom to innovate in areas such as tokenized securities before rules and laws are developed to address them.