ME News reports that on June 5 (UTC+8), the U.S. SEC released a statement noting that Jamie Selway, Director of the Division of Trading and Markets, delivered a speech at the Piper Sandler Global Exchange and FinTech Conference, outlining the regulatory priorities under SEC Chair Paul Atkins. Selway stated that the SEC is developing a framework for the listing and trading of tokenized securities, guided by the principle of “innovation without regulatory arbitrage”; meanwhile, it is concurrently advancing evaluations of multiple new product proposals with the CFTC and jointly reviewing ambiguities or inconsistencies in their respective rulebooks, with initial focus areas including swap and security-based swap data reporting, portfolio margining, and product definitions. Selway also warned that during regulatory coordination, two pitfalls must be avoided: conflating investment with gambling, and providing excessive leverage to inexperienced investors. (Source: BlockBeats)
SEC and CFTC Advance Tokenized Securities Framework with 'No Regulatory Arbitrage' Principle
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Summary
On June 5 (UTC+8), the U.S. SEC, through Jamie Selway, Director of Trading and Markets, revealed that it is advancing a compliance framework for tokenized securities. Speaking at the Piper Sandler Global Exchanges and FinTech Conference, Selway emphasized the "no regulatory arbitrage" principle as a core component of regulatory policy. The SEC is collaborating closely with the CFTC to evaluate new product proposals and resolve inconsistencies in the rulebook, with a focus on areas such as swap data reporting and product definitions. Selway also underscored the importance of avoiding the misclassification of investments as gambling and of limiting excessive leverage for inexperienced traders.
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