Will the traditional financial system be replaced by blockchain technology within two years? This prediction, which sounds somewhat like science fiction, was recently voiced by a top U.S. financial regulator.

According to news on December 7, U.S. Securities and Exchange Commission Chairman Paul Atkins made a bold statement during an interview with Fox Business: the U.S. financial markets may fully transition to a blockchain-based architecture supporting cryptocurrencies within the next two years.

This is not just empty talk. Atkins clearly stated that digital assets, market digitization, and asset tokenization will significantly improve market transparency and risk management capabilities. Tokenization, simply put, means turning traditional assets like stocks and real estate into tokens that can circulate on-chain—this model is seen by many as the next generation of financial infrastructure.

From a regulator’s perspective, this statement is particularly interesting. After all, the SEC has taken quite a few enforcement actions in the crypto space in recent years, and now the chairman is openly discussing a timeline for technological migration, which suggests a shift in policy direction.

But is two years really enough? Migrating the traditional financial system involves a series of complex issues, such as overhauling infrastructure, reconstructing legal frameworks, and helping market participants adapt. Even if it’s technically feasible, the actual resistance to implementation may be far greater than imagined.

But at least one thing is certain: when regulators begin to publicly discuss such possibilities, a change in the market landscape may already be underway. Do you think this prediction is reliable?