SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens

SEC Commissioner Hester Peirce has publicly clarified that an anticipated SEC rule regarding the tokenization of securities is not intended to facilitate the trading of synthetic tokens. Addressing speculation following reports from Bloomberg, Peirce emphasized that the regulation will be limited to digital representations of actual underlying equity securities that investors currently trade in secondary markets. By referencing official SEC guidance, she distinguished these authorized digital assets from synthetic instruments that lack the equity and voting rights associated with traditional securities. This clarification comes as the SEC, under Chairman Paul Atkins, prepares to introduce broader regulatory exemptions for the crypto industry, aiming to provide startups with necessary runway while awaiting comprehensive legislative action from Congress.

(Source：CoinDesk)