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SEC and CFTC Jointly Advance Tokenized Securities Regulatory Framework Based on the Principle of "Innovation Without Regulatory Arbitrage"
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BlockBeats News, June 5th, the U.S. SEC issued a statement, with SEC's Director of the Division of Trading and Markets, Jamie Selway, giving a speech at the Piper Sandler Global Exchange & Fintech Conference, outlining the regulatory priorities during SEC Chairman Paul Atkins' tenure.

Selway stated that the SEC is developing a framework for the listing and trading of tokenized securities, guided by the principle of "innovation without regulatory arbitrage"; concurrently advancing the evaluation of multiple new product proposals with the CFTC, and conducting a joint review of unclear or incompatible aspects in both agencies' rulebooks, with initial focus areas including swaps and security-based swap data reporting, portfolio margining, and product definitions. Selway also cautioned that in the regulatory coordination process, two pitfalls must be avoided: conflating investment with gambling and providing excessive leverage to unsophisticated investors.

Source: BlockBeats

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