Solana Policy Institute, Phantom, Orca, and Superstate Submit "Compliant Tokenized Securities" Framework to US SEC
According to The Block, the Solana Policy Institute, together with Phantom Wallet, Orca Exchange, and the Superstate Protocol, has submitted a compliant tokenized securities framework to the U.S. SEC Crypto Working Group.
The proposal recommends allowing traditional assets such as stocks and bonds to be traded on-chain, while also seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on SPI’s previously introduced “Project Open” initiative, aiming to enable 24/7 capital market operations and instant settlement through blockchain technology.
SPI emphasizes that decentralized protocols are fundamentally different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC’s stance on crypto regulation is gradually becoming more open.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.
On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.
Updated: CoreWeave Raises Revenue Forecasts, AI Demand Unfazed by Growing Doubts
TransUnion EVP Venkat Achanta reports sale of $2.36 million in common shares
Crypto prices
More
