#SEC: Tokenization and crypto should not be politicized
I think this statement is worth paying attention to. Jamie Selway, Head of the SEC Trading and Markets Division, said that tokenization and cryptocurrencies have recently been politicized, but that’s not an intrinsic attribute of them. The development of these markets should receive bipartisan support.
Why is this particular timing so important? Because just a few days ago, the SEC rolled out the “Innovation Exemption,” which allows qualifying blockchain trading platforms to trade tokenized U.S. equities and grants certain liquidity providers a temporary exemption. This means U.S. regulation is trying to truly connect “stocks + blockchain” to traditional capital markets.
The real impact on the crypto industry isn’t just a mood boost—financial infrastructure may be changing.
Previously, when people discussed crypto, it was mostly BTC, ETH, stablecoins, and exchanges. But now regulators are starting to discuss questions like: Can stocks be put on-chain? Can trading run 7×24? Can asset issuance and settlement be completed through blockchain?
Once this path continues, the beneficiaries won’t necessarily be limited to BTC. DEX, RWA, stablecoins, on-chain trading infrastructure, and public chains with real financial use cases could all gain new narrative space.
That said, it’s also important to note that the SEC is currently adopting an “conditional, temporary” innovation exemption, which doesn’t mean the U.S. has fully opened the tokenization market. Tokenized equities still need to meet requirements such as investor protection, transparency, and trading limitations.
So what I’m paying more attention to is this shift: U.S. crypto regulation is gradually moving from “whether to develop it” to “how to incorporate it into the existing financial system.”
If tokenized equities, stablecoin settlement, and on-chain trading infrastructure continue to advance, then the long-term logic of the crypto market may slowly evolve from “trading coins” to “putting financial assets on-chain.”
For BTC in the short term, it’s more about risk appetite and capital flows. For ETH, SOL, and the DeFi and RWA sectors, what’s really worth watching is whether these traditional financial business lines can continue to flow onto the chain.
In one sentence: what’s truly important about the SEC’s statement this time isn’t that it simply “endorses crypto,” but that it sends a signal—tokenization is gradually moving from political debate to a matter of financial market infrastructure.
I think this statement is worth paying attention to. Jamie Selway, Head of the SEC Trading and Markets Division, said that tokenization and cryptocurrencies have recently been politicized, but that’s not an intrinsic attribute of them. The development of these markets should receive bipartisan support.
Why is this particular timing so important? Because just a few days ago, the SEC rolled out the “Innovation Exemption,” which allows qualifying blockchain trading platforms to trade tokenized U.S. equities and grants certain liquidity providers a temporary exemption. This means U.S. regulation is trying to truly connect “stocks + blockchain” to traditional capital markets.
The real impact on the crypto industry isn’t just a mood boost—financial infrastructure may be changing.
Previously, when people discussed crypto, it was mostly BTC, ETH, stablecoins, and exchanges. But now regulators are starting to discuss questions like: Can stocks be put on-chain? Can trading run 7×24? Can asset issuance and settlement be completed through blockchain?
Once this path continues, the beneficiaries won’t necessarily be limited to BTC. DEX, RWA, stablecoins, on-chain trading infrastructure, and public chains with real financial use cases could all gain new narrative space.
That said, it’s also important to note that the SEC is currently adopting an “conditional, temporary” innovation exemption, which doesn’t mean the U.S. has fully opened the tokenization market. Tokenized equities still need to meet requirements such as investor protection, transparency, and trading limitations.
So what I’m paying more attention to is this shift: U.S. crypto regulation is gradually moving from “whether to develop it” to “how to incorporate it into the existing financial system.”
If tokenized equities, stablecoin settlement, and on-chain trading infrastructure continue to advance, then the long-term logic of the crypto market may slowly evolve from “trading coins” to “putting financial assets on-chain.”
For BTC in the short term, it’s more about risk appetite and capital flows. For ETH, SOL, and the DeFi and RWA sectors, what’s really worth watching is whether these traditional financial business lines can continue to flow onto the chain.
In one sentence: what’s truly important about the SEC’s statement this time isn’t that it simply “endorses crypto,” but that it sends a signal—tokenization is gradually moving from political debate to a matter of financial market infrastructure.