US EditionSIFMA Has Asked the SEC to Reject Requests From Crypto Companies to Offer Tokenized Equities
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CryptopolitanSIFMA has asked the SEC to reject requests from crypto companies to offer tokenized equities
The Securities Industry and Financial Markets Association (SIFMA) has asked the SEC to reject requests from crypto companies to offer tokenized equities through specific exemptive relief. The trade association warns that such moves could undermine transparency and regulatory safeguards. According to reports, crypto companies want to offer tokenized stocks and have asked the SEC for no-action or exemptive relief to do so. No-action relief means t…
SIFMA Urges SEC to Reject Crypto Firms’ Requests for Tokenised Stock Exemptions - CoinCodeCap
Key Takeaways SIFMA stated that the issues surrounding tokenised equities are too significant to be decided through individual relief applications. SIFMA cited growing reports that several crypto platforms are pursuing no-action or exemptive relief to allow them to offer tokenised equities or securities. The Securities Industry and Financial Markets Association (SIFMA) has formally requested that the U.S. Securities and Exchange Commission (SE…
Why the ONDO Price Might Be One Breakout Away from $1.00 - Bitcoinsensus
The recent push by the SEC to tokenize real-world assets (RWA) definitely had an effect on Ondo Finance. The crypto firm, which specializes in tokenizing traditional financial instruments like U.S. Treasuries and bonds, has seen a surge in both attention and market value. On June 17, Coinbase confirmed its long-standing efforts to bring tokenized equities to U.S. markets by formally requesting authorization from the Securities and Exchange Commi…
SIFMA shares tokenized equities concerns, urges SEC to reject crypto firms’ exemptions
The Securities Industry and Financial Markets Association (SIFMA) has asked the SEC to reject requests from crypto companies to offer tokenized equities through specific exemptive relief. The trade association warns that such moves could undermine transparency and regulatory safeguards....
The SIFMA, a major financial organisation in the US, claims that the SEC should reject requests from entities such as Coinbase and Kraken, as they lack regulatory rigour and could harm consumers. *** SIFMA expressed concern at attempts by Coinbase and Kraken to offer tokenized shares. The organisation rejects the use of regulatory relief as a way to introduce new financial models. The SEC also assesses a fast way to approve crypto ETFs. While th…
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