U.S. SEC Commissioner: Some token issuers need to come and talk to the SEC.

robot
Abstract generation in progress

[U.S. SEC Commissioner: Some Token Issuers Need to Engage in Dialogue with the SEC] Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that some token issuers need to engage in dialogue with the SEC. Peirce emphasized that tokenized securities are still securities, and market participants must consider and comply with existing securities regulations. She mentioned that not providing holders with tokenization of the underlying securities' legal and beneficial ownership could be a "security-based swap" product, and retail investors cannot trade outside of the exchange. Peirce stated that the SEC is ready to work with market participants to develop appropriate exemptions and modernized rules.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)