Crypto Mom Hester Peirce Excludes Synthetic Tokenized Stocks From SEC Exemption
BeInCrypto
SEC Commissioner Hester Peirce clarified that a proposed innovation exemption for tokenized stocks excludes synthetic instruments in favor of real, underlying equity shares.Summary
SEC Commissioner Hester Peirce has clarified the scope of a proposed regulatory innovation exemption for tokenized stocks, explicitly excluding synthetic instruments. Her guidance limits the exemption to digital representations of real equities already available on the secondary market. This move aims to resolve industry confusion regarding on-chain products, favoring fully-backed assets over derivative wrappers that carry counterparty risks and lack traditional shareholder rights.
(Source：BeInCrypto)