CFTC Chair Says Tokenization Could Reach All Asset Classes
The five-year exemption lets qualifying venues trade tokenized U.S.-listed stocks under conditions as regulators weigh permanent rules for onchain securities markets.
- On Tuesday, CFTC Chair Michael Selig told the Treasury Market Conference that regulators must prepare for "mass tokenization" as the agency adapts frameworks for blockchain and artificial intelligence.
- The Senate failed to advance the CLARITY Act on September 15 in a 49 to 50 vote, leaving the measure 11 votes short of the 60 required to advance.
- On September 17, the SEC granted Tokenized Securities Venues a five-year "Innovation Exemption," allowing trading of digital versions of US-listed stocks under the Securities Exchange Act.
- While Congress negotiates, the CFTC submitted its "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" framework to the White House, utilizing current statutory powers to advance oversight.
- Tokenization is "not naturally a politicized function," SEC Markets Director Jamie Selway argued, suggesting US development of the technology should draw bipartisan support.
21 Articles
21 Articles
CFTC chair says tokenization could reach all asset classes
The US Commodity Futures Trading Commission has begun preparing financial markets for what Chair Michael Selig called “mass tokenization,” as the agency works to adapt existing rules for blockchain, artificial intelligence and onchain finance. CFTC Chair Michael Selig said during…
The cryptocurrency market rebounds abruptly after a long period of stagnation. Driven by increased demand for ETFs and forced liquidations of short positions, the Bitcoin has crossed major technical thresholds, signaling the beginning of a new bull market. This positive dynamic also extends to alternative digital assets, stimulated by recent regulatory flexibilities regarding the tokenized shares. However, analysts are demonstrating an optim...
The boom of tokenization is entering a new dimension thanks to the 'official' backlash received just a week ago. The green light of the US SEC sparks interest in the listed companies most exposed to the 'supercycle of tokenization'. Read
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