Securities and Exchange Commission (SEC) leadership unveiled a concrete plan for an “innovation exemption” at ETHDenver Wednesday, signaling a pragmatic but cautious pathway for trading tokenized securities in U.S. markets. SEC Chair Paul Atkins and Commissioner Hester Peirce detailed an incremental framework that allows crypto companies to facilitate limited trading of blockchain-based traditional assets, effectively creating a regulatory sandbox for Real World Assets (RWAs). Discover: The best meme coi ...

SEC's Peirce and Atkins outline 'incremental' path forward for tokenized securities as agency readies innovation exemption https://t.co/ZHYku5JluR ...

🚨JUST IN: SECURITIZE PARTNERS WITH EULER TO BRING TOKENIZED RWAS INTO DEFI LENDING@Securitize has partnered with @EulerFinance to integrate its DS Protocol, enabling DS Tokens to be used as collateral in curated, risk-isolated lending markets.The initial rollout launches in a curated Euler market managed by KPK, where whitelisted investors can borrow digital assets against tokenized securities. ...

🇺🇸 SEC Chair Paul Atkins says the SEC will consider in the coming weeks or months:• A framework for crypto assets subject to an investment contract• An innovation exemption for limited trading of tokenized securities• Common-sense capital-raising pathways• No-action and exemptive clarity, including for wallets• Custody rules for non-security crypto assets, including stablecoins• Transfer agent modernization to support blockchain technology ...

RT MSB Intel (@MSBIntel)🚨 JUST IN: SEC CHAIR PAUL ATKINS SAYS THE COMMISSION IS SET TO CONSIDER IN THE COMING MONTHS:• A FRAMEWORK FOR CRYPTO ASSETS SUBJECT TO AN INVESTMENT CONTRACT• AN INNOVATION EXEMPTION FOR LIMITED TRADING OF TOKENIZED SECURITIES• COMMON-SENSE PATHWAYS FOR CRYPTO CAPITAL RAISING• NO-ACTION AND EXEMPTIVE RELIEF, INCLUDING FOR WALLETS• CUSTODY RULES FOR NON-SECURITY CRYPTO ASSETS, INCLUDING STABLECOINS• TRANSFER AGENT MODERNIZATION TO SUPPORT BLOCKCHAIN RECORDKEEPING• ADDITIONAL GUIDANCE ...

Core Insights - Momentum toward comprehensive market structure legislation in the U.S. crypto markets is evident, with Congress aiming to clarify the roles of securities and commodities regulators, although progress has stalled over stablecoin yield disagreements [1] - Public blockchains are transitioning from regulatory outliers to integral components of the U.S. financial system, necessitating tailored regulations [1] - The diversity of industry stakeholders supporting the market structure bill indicates its urgency and adequacy for becoming law [1] Stablecoins - Significant progress has been made in stablecoin legislation, providing clarity on issuance, reserves, and supervision, which enables U.S. companies to compete with offshore issuers [6] - Consumer protection is enhanced by ensuring robust reserves, while the dominance of the dollar in global digital markets is reinforced [6] - Ongoing negotiations may jeopardize these advancements as large banks seek to influence the regulatory framework [6] Traditional Finance Integration - There have been meaningful advancements in integrating crypto infrastructure with traditional financial markets, fostering confidence among banks, fintechs, and asset managers [7] - Key regulators, including the SEC and CFTC, are preparing for a financial system characterized by tokenized securities and decentralized finance, indicating a shift towards cooperative regulation [7] Decentralized Finance (DeFi) - DeFi remains challenging to regulate, but discussions have matured, with regulators acknowledging the need for distinct frameworks for decentralized protocols [8] - Lawmakers are urged to avoid overly rigid regulations that could deter DeFi protocols from implementing necessary safety and compliance measures [9] Regulatory Environment - The SEC's leadership has shifted towards modernizing securities laws for a tokenized world, moving away from regulation by enforcement [10] - Legislative stability is needed to solidify regulatory gains and maintain confidence among U.S. crypto builders [10] Crypto Values - Over the past year, crypto values have gained clearer expression in policy discussions, although tensions between enabling freedom and addressing governmental concerns persist [12] - Progress has been made in areas like repealing the IRS DeFi Broker Rule, but comprehensive tax reforms remain necessary [13] Business Environment - The regulatory tone has shifted from hostility to engagement, creating a more predictable and fair business environment for crypto entrepreneurs [16] - Despite improvements, challenges such as state-by-state regulatory fragmentation continue to impose costs on startups [17] Future Outlook - The next phase of U.S. crypto leadership will rely on builders to leverage the opened doors of policy, with the potential for significant economic growth if they succeed [20] - Consolidating recent gains in market structure legislation and deepening commitments to privacy and decentralization are crucial for future progress [21] - Achieving the goal of becoming the crypto capital of the world is now seen as attainable, contingent on principled and ambitious actions from lawmakers and industry actors [22]

The U.S. Securities and Exchange Commission (SEC) is weighing in on a newly emerging asset class known as tokenized securities. The move follows joint guidance from the SEC’s Division of Investment Management, Division of Corporation Finance, and Division of Trading and Markets. US SEC Says Tokenized Securities Fall Under Its Umbrella The SEC stated that tokenized assets will fall under its regulatory oversight and will be subject to similar disclosure, registration, and compliance requirements. In its ...

SEC clarifies rules for tokenized securities, placing asset class under federal securities laws https://t.co/hm9ZYGU8XK ...

🇺🇸 JUST IN: The SEC released guidance clarifying how federal securities laws apply to tokenized securities.It also outlines the distinction between issuer-sponsored and third-party tokenization models. https://t.co/hohs8JDw8Z ...

The SEC said tokenized securities fall into two categories: issuer-sponsored and third-party sponsored. Issuer-sponsored tokenized securities are treated the same as traditional securities. Third-party tokenized securities may not provide holders with rights to the underlying securities and, in some cases, may be classified and regulated as security-based swaps. https://t.co/UJZceCKsJk ...