US SEC ‘Crypto Mom’ clarifies: ‘Tokenized securities are still securities’
SEC commissioner Hester Peirce echoed former chair Gary Gensler in calling for market participants to “consider meeting with the Commission and its staff.”
US Securities and Exchange Commission (SEC) member Hester Peirce issued a blanket warning for companies considering distributing and trading tokenized securities.
In a Wednesday statement, Peirce called on companies to discuss their potential tokenized offerings with SEC officials amid “new entrants and many traditional firms […] embracing onchain products.”
Though the SEC commissioner, who also heads the agency’s crypto task force, did not explicitly mention trading platform Robinhood, her notice came roughly two weeks after the company launched a tokenization-focused layer-2 blockchain.
