Deep Tide TechFlow news, on December 5, according to The Block, the U.S. Securities and Exchange Commission (SEC) Investor Advisory Committee held a meeting on Thursday where executives from companies such as Citadel Securities, Coinbase, and Galaxy discussed regulatory issues surrounding asset tokenization. The meeting revealed significant differences between traditional finance and the crypto industry on the issue of decentralization.
Citadel Securities suggested in a letter submitted on Wednesday that the SEC implement stricter rules for tokenized securities, requiring full identification of the intermediaries involved in transactions, including decentralized trading protocols. This proposal immediately sparked strong opposition from the crypto industry. Coinbase's Vice President of Regulatory Policy, Scott Bauguess, stated at the meeting that the same regulatory obligations imposed on brokers should not be applied to decentralized exchanges (DEX), as this would introduce risks that do not currently exist in the environment.
SEC Chairman Paul Atkins emphasized that to promote innovation, investment, and employment in the United States, compliant pathways must be provided for market participants to leverage the unique capabilities of new technologies. Meanwhile, outgoing Democratic Commissioner Caroline Crenshaw expressed concern about the risks that tokenized products, such as 'wrapped securities', may pose to investors.