The SEC Holds Meeting on Tokenization Regulation Issue, Revealing Divergence Between Traditional Finance and Crypto Companies

BlockBeats News, December 5, Thursday, executives from Citadel Securities, Coinbase, Galaxy, and other companies discussed this topic at the SEC Investor Advisory Committee meeting. Tokenization can cover various types of assets, but its essence is to put real-world assets on the chain. The committee's task is to provide advice to the SEC on regulation and investor interests.

Samara Cohen, Senior Managing Director and Global Head of Market Development at BlackRock, pointed out the diversity of views at the meeting. She stated that as the six-person panel represented "different developmental paths and perspectives," such discussions proved to be beneficial and added that diverse viewpoints reflected current challenges and indicated that "there may not be just one solution."

The day before Thursday's meeting, some cryptocurrency advocates expressed dissatisfaction with a letter submitted by Citadel Securities on Wednesday. This large market maker faced online resistance from some in the crypto industry for suggesting that the SEC implement stricter rules on decentralized finance involving tokenized securities.

Earlier on Thursday, the Investor Advisory Committee also held group discussions on artificial intelligence and corporate governance issues. SEC Chairman Paul Atkins emphasized tokenization in his prepared remarks and clarified the agency's position.

Paul Atkins stated: "If we want to drive innovation, investment, and job growth in the United States, we must provide a compliant path that allows market participants to leverage the unique capabilities of this new technology."