SEC Commissioner Mark Uyeda has praised 'tokenization', arguing that it has the potential to improve the nature of transactions as we know them today.

"Asset tokenization can provide transactions with a higher level of security, transparency and immutability... It can also eliminate the need for most intermediaries, simplifying the process and reduce transaction costs."

This is not surprising, the SEC has 5 commissioners and 2 of them have a pro-crypto stance, and Mark Uyeda is one of them.