SEC Strategy for On-Chain Tokenized Securities Explained
Original title: How the SEC Plans to Put Tokenized Securities On-Chain
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Summary
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Key points
- SEC’s Crypto Task Force chief counsel Taylor Lindman discussed the SEC’s three crypto initiatives and the new innovation exemption for tokenized securities.
- The exemption allows tokens to lose investment‑contract status and trade on public, permissionless blockchains while using a compliance intermediary.
- Modernizing transfer‑agent rules after 50 years could bring tokenized securities closer to issuers and introduce “exclusive control” sub‑transfer agents.
- The SEC has opened a comment file and plans updates to custody rules, emphasizing a balance between innovation and investor protection.
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