At a recent meeting, the SEC engaged with representatives from several Ethereum-related organizations to discuss the potential use of blockchain standards for tokenized securities in the U.S.
Private SEC Meeting with Ethereum Associations
During a recent meeting held by the SEC's Crypto Task Force, representatives from Ethereum-associated organizations such as the ERC-3643 Association, Chainlink Labs, the Enterprise Ethereum Alliance, and Linux Foundation’s Decentralized Trust initiative were present.
Development of ERC-3643 Standard and Its Distinction
ERC-3643 is a token standard designed specifically for the regulated environment, incorporating built-in controls for identity, access, and compliance that traditional financial markets require.
Optimism of Meeting Participants and the Future of Tokenized Securities
While the SEC did not make any firm commitments, participants expressed optimism regarding future developments. SEC Chair Paul Atkins also indicated that the agency is exploring an 'innovation exemption' for new models of trading tokenized securities.
The SEC's meeting with blockchain industry representatives, although not leading to immediate regulatory changes, reflects a significant shift toward dialogue and collaboration with the cryptocurrency community.
