sec

华尔街转账代理机构游说SEC 警告第三方代币威胁市场完整性

7月14日消息，据CoinDesk报道，随着资本市场代币化竞争加剧，华尔街转账代理机构--证券过户协会 (STA) ，正积极游说美国证券交易委员会（SEC）。

目前，该代理机构正敦促监管机构在制定传统证券上链规则的同时，应优先考虑发行方发起的代币化证券，而非第三方发行的股票代币。

证券转账协会（STA）在致SEC的信函中强调，区块链股票应当是发行方授权的实际证券，并反映在其官方股东名册中，而非非关联平台创建的代币。

该协会警告称，第三方代币化股票可能模糊投资者权利，增加平台和托管风险，而发行方发起的代币化证券可以为发行方、投资者和美国资本市场带来实质性利益，但前提是SEC必须正确建立基础架构。

目前，代币化已成为数字资产领域增长最快的板块之一。花旗银行预测，到2030年代币化证券可能成为5.5万亿美元的市场，其中代币化股票将达到2.6万亿美元。

值得注意的是，当前约20亿美元规模的代币化股票市场主要由第三方模式主导，包括Ondo Finance和Kraken旗下相关产品；而Securitize、Figure等则采用发行人授权模式。

综上，STA的立场凸显了传统金融与加密行业对“链上股票定义权”的争夺。此外，随着Coinbase、Robinhood、纳斯达克及DTCC等机构推进证券上链，这场竞争正从理论走向现实。

未来，SEC如何区分“发行人授权型代币”和“第三方代币”，或将直接决定美国代币化证券市场的走向。因为这其中就关乎链上股票的合法性、交易合规标准以及各方权责如何划分。

#代币化证券 #SEC

🚨 Imagine spending $150 million just to defend your company in court... 😳
Ripple CEO Brad Garlinghouse recently shared that after the SEC lawsuit in 2020, the team seriously discussed shutting Ripple down

Instead of giving up, they chose to keep fighting 💪
According to him, the legal battle lasted around 4 years and cost nearly $150 million, but one reason mattered more than anything else: protecting hundreds of employees and keeping the company alive

Whether you're an $XRP holder or not, this shows how much pressure crypto companies can face when regulation gets involved

What's your opinion? Did Ripple make the right decision by continuing the fight? 👇

#XRP #Ripple #SEC

🚨 FROM SURVIVAL TO STRENGTH. 💎
Ripple's CEO revealed the company came close to shutting down during the SEC lawsuit, yet it continued building through one of crypto's toughest legal battles.
Today, XRP remains one of the most closely watched assets in the market. 👀
Sometimes the strongest projects are forged in the hardest battles.
Are you bullish on $XRP ? 🚀
#XRP #Ripple #SEC $XRP

华尔街转让代理向 SEC 发声了。

证券转让协会（STA）致函 SEC，核心诉求只有一个：股票代币化规则应优先适用"发行方授权模式",而不是目前 Ondo、Kraken xStocks 主导的第三方合成路径。

STA 的担忧点很直接:
· 第三方代币未与发行方建立直接法律关系,股东权利被削弱
· 投资者实际承担的是平台、托管、对手方风险,而非真正的股权敞口
· 平台在未经发行方同意下包装"上市公司代币",存在误导嫌疑

同时 STA 呼吁 DTCC 与转让代理简化 DRS 直接注册系统,为数字证券留出合规通道。

目前代币化股票市场约 20 亿美元规模,SEC 尚未出台正式规则。这封信的意义在于——传统证券基础设施方开始主动争夺代币化叙事的定义权,而不是被动接受加密行业先跑出来的既成事实。

如果 SEC 采纳 STA 思路,现有第三方合成股票模式将面临重构压力,发行方直连型方案会成为合规主线。

#Tokenization #RWA #SEC

华尔街转让代理向SEC开火了。

证券转让协会（STA）刚递交意见信，直指当前主流的代币化股票模式存在结构性隐患。矛头对准谁？Ondo、Kraken xStocks 这类第三方合成路径——目前撑起约20亿美元市场的主力玩家。

STA 的核心诉求就一句话：发行方授权模式必须优先。

理由也很硬：
· 第三方代币化股票让持有人面对的是平台、托管方、交易对手风险，而不是与上市公司本身的法律关系
· 股东权利被稀释，投资者容易被"看起来像股票"的产品误导
· 任何创新豁免或试点框架，都应把"发行方明确同意"作为前置条件

同时 STA 还在推动 DTCC 和转让代理简化 DRS（直接注册系统），为数字证券铺路。

这封信的分量在于——它代表的是华尔街存量基础设施的立场。SEC 至今没出正式规则，代币化股票的合规路径其实还没定盘。如果监管顺着 STA 的方向走，现有第三方合成模式的生存空间会被大幅压缩，而"券商-发行方-链上"的原生路径会成为新赛道。

对做 RWA 和股票代币化的项目方来说，这是一个不能忽视的信号：野蛮生长期可能提前结束，合规成本会重新定价。

#RWA #代币化股票 #SEC

华尔街正在把"代币化股票"的定义权抢回去。

证券转让协会（STA）刚刚致函 SEC，核心诉求只有一句：股票代币化规则必须区分"发行方授权"与"第三方合成"，并让前者享有豁免与试点优先权。

这封信的杀伤力在于三点：

1. 直指第三方模式软肋——投资者拿到的不是股东权利，而是平台信用+托管风险+交易对手风险的叠加包，法律关系不与发行方直接挂钩；
2. 要求平台在把产品包装成"某上市公司代币化股票"前，必须获得发行方书面同意，这几乎是对现有合成路径的釜底抽薪；
3. 推动 DTCC 与转让代理升级 DRS 直接注册系统，为"链上原生股东名册"铺路。

目前约 20 亿美元的代币化股票市场，主导者是 Ondo 与 Kraken xStocks 的第三方合成结构。如果 SEC 采纳 STA 建议，这类产品要么被迫回表拿授权，要么被挤到监管灰区，估值逻辑要重写。

值得关注的信号：SEC 尚未出正式规则，说明博弈窗口还开着，但传统金融基础设施方（转让代理、DTCC）已经主动上桌，这通常是规则落地前的最后一段路。

对链上玩家来说，两条线要盯紧：
- 有真实发行方合作的 RWA 协议，护城河会被政策放大；
- 纯合成路线的 xStocks 类产品，短期流动性可能仍在,但中期估值需要打折。

代币化股票的下半场，拼的不是 TVL，是发行方的签字。

#RWA #代币化股票 #SEC $ONDO

华尔街正式向 SEC 递交"路线之争"的意见书。

证券转让协会（STA）代表主流传统金融机构发函 SEC，核心诉求就一句话：股票代币化必须分清"谁发的"。

STA 的立场很明确——
· 发行方授权代币 vs 第三方合成代币，监管必须区别对待
· 任何创新豁免、试点框架，应优先给发行方授权模式
· 平台在把产品包装成"某上市公司代币化股票"前,须获得发行方书面同意
· 推动 DTCC 与转让代理简化 DRS 直接注册系统,让链上证券真正对接股东名册

矛头指向哪里其实很清楚:当前约 20 亿美元的代币化股票市场,主导者是 Ondo、Kraken xStocks 这类第三方合成路径,持有人拿到的是平台负债,而不是与发行公司的直接法律关系——投票权、分红、破产追索,全都要打问号。

我的判断:
这封信不是要"封杀"代币化,而是华尔街转让代理体系在抢占规则起草权。一旦 SEC 采纳发行方授权优先原则,现有合成型股票代币的合规空间会被明显压缩,而传统 TA、DTCC 反而可能借数字证券完成一次角色升级。

对做 RWA 赛道的项目方是个提醒:拿到发行人签字,比拿到更多用户更重要。

#RWA #代币化股票 #SEC

华尔街转让代理开始向 SEC 施压了。

代表主要券商与转让机构的证券转让协会（STA）刚刚致函 SEC，核心诉求只有一句话：股票代币化规则必须区分"发行方授权"与"第三方合成"，任何试点或豁免都要优先给前者。

STA 的理由挺硬：
· 第三方代币化股票让投资者持有的是平台/托管方的合成敞口，而不是与上市公司之间的直接法律关系
· 股东投票、分红、破产受偿等权利被稀释甚至绕过
· 平台一旦出问题,持有人同时承担平台、托管、交易对手三重风险
· 建议 SEC 要求平台在包装成"某上市公司代币化股票"前,必须拿到发行方书面同意
· 同时推动 DTCC 与转让代理简化 DRS,让数字证券能直接登记在册

这封信直接点到的就是当前约 20 亿美元规模、由 Ondo、Kraken xStocks 主导的第三方合成模式。SEC 至今没有正式规则,但传统金融基础设施方已经先一步在游说话语权。

短期看,合成股票代币的叙事不会立刻熄火;中期一旦 SEC 采纳"发行方授权优先"路径,现有第三方产品的合规成本和身份定位都会被重新洗牌,而拿到发行方直连通道的项目会吃到最大红利。

代币化股票的下半场,拼的不是链上速度,是谁能坐到发行方那张桌子边。

#RWA #代币化股票 #SEC

Các đại lý chuyển nhượng Phố Wall vận động SEC: Token bên thứ ba gây rủi ro cho thị trường

- Hiệp hội Chuyển nhượng Chứng khoán (STA) đại diện cho các đại lý chuyển nhượng đã gửi thư tới SEC, cảnh báo rằng token của bên thứ ba có thể gây rủi ro cho tính toàn vẹn của thị trường.
- STA đề xuất rằng token hóa do công ty ủy quyền nên được ưu đãi trong các quy định tương lai.
- Động thái này nhằm bảo vệ lợi ích của các đại lý chuyển nhượng truyền thống trước sự phát triển của công nghệ blockchain.

#SEC #TokenHoa #Blockchain #CryptoNews #BinanceSquare

$btc $eth

vlikevn Titanbot

Nguồn: CoinDesk

هل تكفي نهاية معركة قانونية طويلة لإعادة تشكيل نظرة السوق إلى $XRP ؟ 👀

كشف براد غارلينغهاوس، الرئيس التنفيذي لـ Ripple، أن الشركة كانت قريبة من إيقاف نشاطها بعد دعوى هيئة SEC عام 2020، قبل أن تواصل مسيرتها وتنهي النزاع القانوني، مع توسعها لاحقاً عبر تراخيص جديدة وشراكات مؤسسية.

من الناحية السوقية، يبدو أن الخبر يحمل قيمة معنوية أكثر من كونه محفزاً جديداً للسعر. ويرى بعض المحللين أن كثيراً من التطورات القانونية المتعلقة بـ $XRP قد تكون انعكست بالفعل على حركة السعر، بينما سيظل التأثير المستقبلي مرتبطاً بحجم التداول ومستوى اهتمام المستثمرين.

بدلاً من التركيز على العناوين، يراقب المتداولون المحترفون حركة السيولة وأحجام التداول لمعرفة ما إذا كان السوق يمنح هذا التطور زخماً جديداً أم أنه مجرد إعادة تسليط الضوء على أحداث سابقة.

هل تعتقد أن هذا التطور يمكن أن يدعم ثقة المستثمرين على المدى الطويل، أم أن السوق استوعب تأثيره بالفعل؟

#XRP #Ripple #Crypto #SEC

SEC’s 2026 Agenda: Safe Harbors for Crypto and a New Wave of IPOs! 🚨

The U.S. Securities and Exchange Commission (SEC) has officially unveiled its 2026 regulatory agenda featuring 38 core items. While the list spans broad capital market updates, the absolute headliners taking center stage are cryptocurrency frameworks and IPO market reforms.

For the digital asset space, this marks a massive paradigm shift away from previous "regulation by enforcement" tactics toward clear, innovation-friendly rules.

💡 Key Takeaways for the Crypto Market
>> Early-Project Safe Harbor: The SEC plans to introduce "safe harbors" and regulatory exemption mechanisms. This will give early-stage Web3 projects the structural flexibility they need to build and scale tokenized products without the immediate threat of aggressive compliance penalties.

>> Reshaping Broker-Dealer & Custody Rules: New rules aim to modify how trading platforms, alternative trading systems (ATS), and custodians manage digital assets. By clarifying these definitions, the SEC is removing a decade of operational gray areas.

>> On-Chain & Tokenized Securities: The agenda actively embraces innovation, positioning the U.S. to advance tokenized real-world assets (RWAs) and streamline capital-raising frameworks.

Combined with the SEC's "Make IPOs Great Again" initiative—which slashes compliance burdens to revive the public listing pipeline—the 2026 agenda signals a major regulatory greenlight for both traditional finance and the decentralized ecosystem.

American builders finally have a clear roadmap to innovate safely on-chain. Keep your eyes on the markets as these frameworks enter their public comment phases!

#writetoearn #SEC #Regulation #Tokenization #IPO

🚨 RIPPLE WAS CLOSE TO SHUTTING DOWN AFTER THE SEC LAWSUIT.

Ripple CEO Brad Garlinghouse revealed the company seriously considered closing its doors after the SEC sued in 2020.

The company could have distributed its XRP holdings to shareholders, walked away, and ended the fight.

Instead, Ripple chose to stay in the battle.

The decision wasn't just about the company—it was about protecting hundreds of jobs and defending what it believed was the future of crypto.

That legal fight went on to become one of the most consequential battles in digital asset history, shaping how regulators and the industry approach crypto in the United States.

Sometimes the biggest victories begin when walking away seems like the easier choice.

#XRP #Ripple #Crypto #SEC #Bitcoin

Ripple could have disappeared after the SEC lawsuit in 2020 — CEO Brad Garlinghouse revealed that the company seriously considered shutting down and distributing its XRP holdings to shareholders.

Instead, Ripple chose to fight the case in court. The legal battle lasted more than four years and reportedly cost around $150 million, but the company ultimately preserved its business and hundreds of jobs.

Subscribe for updates

#Ripple #SEC

💰 SEC放大招，Atkins来真的

不是去年那种发个备忘录吓唬人就走，这次是走联邦公报的正式规则。早期项目4年豁免不追责，合规募资上限7500万刀，DeFi也给安全港，更骚的是加密资产可以跟股票同交易所交易。CLARITY法案年底通过概率跌到39%了，这条规则直接成了行业兜底方案，Atkins这波是真想留点东西

#SEC #CryptoRegulation #BTC

🔥 CRYPTO HOURLY — BREAKING UPDATES 🔥
━━━━━━━━━━━━━━━━━━━━
⚪ Neutral - Crypto's ETF Victory Now Under SEC Scrutiny Amid Overreach Concerns.
• While crypto secured ETF approvals as a retail-friendly investment tool, the SEC is now questioning if the rapid expansion of such products risks regulatory overreach.
━━━━━━━━━━━━━━━━━━━━
📈 Market Sentiment: 26 (Fear)
📊 Stay ahead. Think smart. Trade safe.
#cryptonews #SEC #ETF
Disclaimer: Includes third-party opinions. No advice.
BTC: +0.59% (H: 64504.1 L: 63656) | ETH: +1.77% (H: 1830 L: 1786.77) | SOL: +0.14% (H: 78.88 L: 77.47)

📰 White House and Regulators: SEC and CFTC Vacancies Remain Unfilled
On July 11, 2026, the White House stated it received no Democratic response regarding SEC and CFTC vacancies, leaving key regulatory positions unfilled. This gridlock impacts the pace of crypto regulation in the US.
With 17,467 cryptocurrencies and a $2.28T market, the lack of confirmed commissioners creates uncertainty. Clear leadership at both agencies could accelerate the regulatory clarity the industry needs.
Assets like $BTC , which already have some regulatory acceptance, continue trading near $64,088 amid the uncertainty. The market seems to be pricing in a wait-and-see approach.

📌 Key Takeaway:
Regulatory leadership vacancies create uncertainty — but the crypto market's resilience shows it can operate regardless.

#SEC #CFTC #CryptoRegulation
#BinanceAlphaAlert

📢 **Major Regulatory Clarity on the Horizon for US Crypto Market!**

Big news for the crypto space! The U.S. Securities and Exchange Commission (SEC) has unveiled its 2026 regulatory agenda, signaling a clear intent to establish clearer digital-asset frameworks and reduce enforcement risk. This move, spearheaded by SEC Chair Paul Atkins, offers the clearest policy signal in months, aiming to bring much-needed certainty to the industry.

Why does this matter? For years, the crypto market has grappled with regulatory ambiguity, leading to uncertainty and hindering institutional adoption. A well-defined rulebook could significantly reduce the threat of sudden legal shocks, encouraging more activity within the U.S. system and fostering greater institutional confidence and retail participation.

The potential market impact is substantial. While $BTC has been retesting the $64,400 level and $ETH remains resilient around $1,750 despite some ETF outflows, the broader market is still navigating "Extreme Fear" territory according to the Fear & Greed Index. Concrete regulatory proposals could act as a significant catalyst, potentially shifting sentiment from cautious optimism to a more bullish outlook, benefiting bellwether assets like $BTC and $ETH , and ultimately the entire digital asset ecosystem.

#CryptoNews #SEC #RegulatoryClarity #MarketImpact

What are your thoughts on how this will shape the future of crypto in the US?

🚨 **Major Regulatory Shift on the Horizon for Crypto!** 🚨

The crypto world is buzzing with news from the U.S. Securities and Exchange Commission (SEC)! SEC Chair Paul Atkins has unveiled the 2026 regulatory agenda, signaling a clear intent to establish clearer digital-asset frameworks and reduce enforcement risks. This is a monumental development many in the industry have been eagerly awaiting.

Why does this matter? For years, regulatory uncertainty has been a significant hurdle, hindering institutional adoption and innovation within the U.S. crypto space. A clearer rulebook could mitigate the threat of sudden legal shocks, fostering a more predictable and confident environment for both businesses and investors.

The market impact could be profoundly positive. While we've seen mixed signals recently, including $95.3M in $BTC ETF outflows on July 9, this regulatory clarity could lay the groundwork for a more sustained recovery. It could attract substantial institutional capital back into assets like $BTC and $ETH , potentially boosting the broader market. Expect cautious optimism to grow as concrete proposals emerge.

#CryptoNews #SEC #Regulation #MarketImpact

Do you think clearer regulations will finally unleash the next bull run for crypto?

🚨 The SEC could be preparing one of the biggest regulatory shifts for crypto startups.
💰 New proposals may allow crypto projects to raise up to $75M without full SEC registration.
🚀 Startups could receive up to 4 years to develop before facing standard regulatory requirements.
📄 The focus would shift toward clear public disclosures instead of lengthy registration procedures.
⚖️ Projects that become truly decentralized may eventually no longer be classified as securities.
If approved, this could significantly reduce barriers to launching crypto projects in the U.S.
Could this mark the start of a more innovation-friendly era for the crypto industry? 👀
#Crypto #Bitcoin #SEC #Blockchain #Markets

$B