According to Mars Finance, SEC Commissioner Peirce has released a public letter stating that although Blockchain technology is powerful, it cannot change the legal attributes of the underlying assets. Tokenization of stocks is still considered securities and must comply with the regulations of the Securities Exchange Act. (Dlnews)
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SEC Commissioner: Tokenized stocks are still securities and must comply with regulations.
According to Mars Finance, SEC Commissioner Peirce has released a public letter stating that although Blockchain technology is powerful, it cannot change the legal attributes of the underlying assets. Tokenization of stocks is still considered securities and must comply with the regulations of the Securities Exchange Act. (Dlnews)