Head of SEC Crypto Unit: Stock Tokenization Remains Under Securities Regulation
According to a report by Jinse Finance, Hester Peirce, head of the U.S. Securities and Exchange Commission (SEC) Crypto Special Unit and Commissioner, stated that tokenizing stocks and other assets does not change their fundamental nature and they must still comply with federal securities laws. Although Peirce has long supported crypto innovation, she emphasized that relevant market participants must strictly fulfill their regulatory obligations. This statement responds to calls from some industry insiders who hope to freely trade stocks and other assets on the blockchain, and serves as a reminder that digitalized assets are equally subject to regulatory frameworks.
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
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
