SEC considers easing rules around tokenized securities
The US Securities and Exchange Commission (SEC) is considering rule changes to facilitate the issuance of tokenized securities by companies using blockchain technology. SEC Commissioner Hester Peirce indicated that a potential exemptive order could relieve firms from certain registration requirements, allowing decentralized exchanges (DEXs) to operate without registering as broker-dealers or exchanges. This shift aims to adapt regulations to modern technologies, acknowledging that existing rules may not fit new innovations. Companies would still need to adhere to anti-fraud and market manipulation regulations, along with specific disclosure and recordkeeping requirements. The SEC's approach to cryptocurrency oversight has shifted under new leadership, narrowing its jurisdiction over certain digital assets, including memecoins and stablecoins, which may not qualify as securities under US law.
