SEC Commissioner Hester Peirce backs simpler disclosures and explores tokenized securities exemption

On Thursday, SEC Commissioner Hester Peirce told the Investor Advisory Committee that public companies face overly complex disclosure rules and urged regulators to scale back market micromanagement. She said staff are examining a possible "innovation exemption" to permit limited trials of tokenized securities, as the SEC advances work on blockchain-based settlement infrastructure and tokenization policy.