Paul Atkins, the US SEC chief, has ambitious crypto plans that have now started to take shape. From exploring a new crypto bill to introducing crypto innovation, Atkins is now heavily focused on the cryptocurrency domain, making it stable for the masses to explore at depth. In the middle of this, if Atkins’ plan of tokenization comes true, Ethereum can turn out to be the biggest winner out of this development. How? Let’s find out.
Also Read: Ethereum Jumps 6% As Whales Buy $3 Billion Worth of Coins
Atkins’ Tokenization Dream
Paul Atkins, the head of the US SEC, has recently delivered an interview where he can be seen talking about tokenizing real-world assets on blockchain. Atkins’ stance was extremely bullish, stating how he intends to tokenize everything within the next 2 years. This statement appears to be a dream come true for chains like Ethereum, which already hosts 99% of on-chain assets.
“🚨SEC Chair Paul Atkins saying “all U.S. markets will be on-chain within two years” is BULLISH for $ETH. Ethereum already hosts 99% of on-chain assets. The U.S. stock market alone is $65T, but that’s just the start. Add real estate, RWAs, treasuries, USD, and more. That’s $300T moving onto Ethereum.”
Moreover, Atkins is mirroring Fundstrat’s Lee ETH stance at the moment, who has often predicted how Ethereum can be the breakout chain when it comes to tokenizing assets on-chain. If this development continues at its current pace, Ethereum has the potential to soar, gradually reaching highs of $8K with regulated momentum.
Ethereum’s Recent Update
According to Santiment, the Ethereum price is trying hard to break away from obstructions, exploring gains worth 8.5% as whales continue to accumulate ETH.
“Ethereum is a standout gainer today, climbing +8.5% and seeing an encouraging accumulation pattern from whales & sharks. They’ve accumulated ~$934,240,000 in ETH ($3.15B) in 3 weeks, while small retail has dumped ~1,041 in the past week.”
The token briefly touched $3400 before hitting a new stable price threshold of $3191 at press time.
Also Read: Not $5K or $8K, Fundstrat Lee Predicts Ethereum Price Hitting $62K