BlockBeats news, June 5: The U.S. SEC released a statement 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 Chairman 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”; at the same time, it is concurrently evaluating 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 the regulatory coordination process, two pitfalls must be avoided: conflating investment with gambling, and providing excessive leverage to inexperienced investors.