The Blockchain Association in the United States submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), urging it to repeal outdated Rules 611 and 610(e) to help the market structure adapt to tokenization developments.
The association said that the current rules no longer reflect the technological realities of blockchain and tokenized securities. It called for the regulatory framework to be updated in a timely manner, to promote compliant innovation and improve market efficiency.
The association said that the current rules no longer reflect the technological realities of blockchain and tokenized securities. It called for the regulatory framework to be updated in a timely manner, to promote compliant innovation and improve market efficiency.