CoinVoice has learned that, 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 a clear divide between traditional finance and the crypto industry on the issue of decentralization. In a letter submitted on Wednesday, Citadel Securities suggested that the SEC implement stricter rules for tokenized securities, requiring full identification of the intermediaries involved in transactions, including decentralized trading protocols, a proposal that immediately sparked strong opposition from the crypto industry. Scott Bauguess, Vice President of Regulatory Policy at Coinbase, stated at the meeting that the same regulatory obligations imposed on brokers should not apply to decentralized exchanges (DEXs), as this would introduce risks that do not currently exist in the environment. SEC Chairman Paul Atkins emphasized that to promote innovation, investment, and jobs in the U.S., a compliance pathway must be provided to allow market participants to leverage the unique capabilities of new technologies. Meanwhile, outgoing Democratic Commissioner Caroline Crenshaw expressed concerns about the risks that tokenized products such as 'packaged securities' might pose to investors. [Original link]
