SIFMA argues lax tokenisation rules could ‘undermine supremacy’ of US capital markets

A version of this story appeared in The Guidance newsletter on December 1. Sign up here. Hi all, Liam here. A leading trade group for high finance has a few notes for the Securities and Exchange Commission on its ambitious crypto plans. The Securities Industry and Financial Markets Association issued a letter last week, cautioning the SEC about its approach to tokenisation. The letter was a response to the watchdog’s plans — also known as Project Crypto — for developing a “tailored” exemption regime for ...