SEC Chair pushes for new e-delivery rules: In the age of AI and blockchain, paper delivery should become a relic of the past

BlockBeats report: On July 17, the U.S. Securities and Exchange Commission (SEC) formally proposed a new rule, “Regulation E-Delivery,” greatly expanding the permissions for issuers, broker-dealers, investment advisers, and other entities to deliver information electronically, to meet the information disclosure and delivery requirements under federal securities laws, and to make electronic delivery a more mainstream and flexible option that replaces traditional paper delivery.

SEC Chair Paul Atkins said this is “another step toward building a regulatory framework suited to the modern era,” and “one of the key pillars of [his] agenda since taking office.” “In the age of artificial intelligence and blockchain technology, default paper delivery should be a thing of the past, not a standard.” Earlier, Atkins had launched “Project Crypto” to modernize on-chain markets; this electronic delivery rule is consistent with his broader agenda for regulatory modernization. The proposal will subsequently enter a public notice-and-comment phase.