金色财经|Dec 05, 2025 00:26
[U.S. SEC Discusses Asset Tokenization Regulation, Divergence in Decentralization Perspectives Between Traditional Finance and Crypto Industry]
According to a report by Jinse Finance, 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 the regulation of asset tokenization. The meeting highlighted a clear divergence in perspectives on decentralization between traditional finance and the crypto industry.
In a letter submitted on Wednesday, Citadel Securities suggested that the SEC implement stricter rules for tokenized securities, requiring full identification of intermediaries involved in transactions, including decentralized trading protocols. This proposal immediately sparked strong opposition from the crypto industry. Coinbase's Vice President of Regulatory Policy, Scott Bauguess, stated during the meeting that decentralized exchanges (DEXs) should not be subjected to the same regulatory obligations as brokers, as this would introduce risks that do not currently exist in the environment.
SEC Chairman Paul Atkins emphasized that to promote U.S. innovation, investment, and employment, it is essential to provide a compliance pathway that allows 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 'wrapped securities,' might pose to investors.
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