According to a report from CoinWorld, on March 12, during the annual meeting of the Investor Advisory Committee, Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), delivered a speech focusing on three main topics. First, to reduce unnecessary disclosure burdens, advocating for the principle of "minimum effective dose regulation," emphasizing that rules should be centered on materiality and flexibly adjusted based on company size; at the same time, he suggested extending the applicability period of the "IPO On-Ramp" in the JOBS Act to encourage more small and medium-sized enterprises to go public. Second, he opposed the SEC's indirect interference in corporate governance through "comply or explain" disclosure requirements, believing that such "shaming regulation" exceeds the SEC's authority, and governance decisions should be left to shareholders and directors. Third, regarding the tokenization of equity securities, he expressed that tokenization helps improve settlement efficiency, reduce settlement risk, and decrease intermediaries, revealing that the SEC will consider introducing innovative exemption mechanisms to support limited trading of specific tokenized securities and to accumulate experience for developing a long-term regulatory framework.