The tokenization trend sweeping the markets is ‘enchanting, but not magical,’ says the US SEC

The SEC recently released a statement focusing on the tokenization of securities, emphasizing that these tokenized assets remain under the purview of existing securities laws.

Commissioner Hester M. Peirce acknowledged the vast potential of blockchain technology but insisted that compliance with federal regulations is crucial for distributing tokenized securities.

The SEC remains open to discussions around regulatory updates for tokenized securities, aiming to foster innovation while ensuring the integrity of the market through adherence to legal frameworks.