Thanks for the many kind words over the past week & for the engagement over my time at the SEC. Thanks to my many critics too. Vigorous critiques of government officials are part of what makes this country great. No more tweets from this account. Be careful out there: https://t.co/jJ1qO7H1Jj
The transfer agent rule proposal, more than a decade in the making, is finally out. We welcome comment on all aspects, including implications for tokenization: https://t.co/KyOF5WDStE and https://t.co/WAWDuncy4H
Trading suspensions are consequential events for the companies involved, and the process for reviewing them matters. I explain why in the concurrence at the end of this Commission opinion: https://t.co/PPr5is2iCH
If people want to understand what synthetics mean to me in this context, see the staff statement on tokenization, which distinguishes tokenized versions of issuer-sponsored stocks and of stocks that SEC-registered firms hold for their customers from synthetic instruments that provide exposure to stocks. https://t.co/XvVmjndGR5
I appreciate the interest in--but not the hyperbole about--the contemplated innovation exemption for the onchain trading of tokenized NMS stock. Keep in mind: I've always expected that it'd be limited in scope & would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.
I appreciate the interest in--but not the hyperbole about--the contemplated innovation exemption for the onchain trading of tokenized NMS stock. Keep in mind: I've always expected that it'd be limited in scope & would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.
TODAY 🚨: The SEC proposes transformative reforms to help public companies conduct registered offerings & simplify reporting requirements.
These reforms are designed to increase efficiency, flexibility, & cost savings for public companies.
Full release: https://t.co/ARbNce50PR