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
As markets move onchain, it's time to work on definitions of key terms like broker, dealer, exchange, and clearing agency. Today's speech by Chairman Atkins: https://t.co/Tf74YlS0pq
I'll be at the SIFMA Operations conference in Florida on May 12. If anyone wants to meet with me, email [email protected] with Florida in the subject line and a brief description of what you'd like to discuss.
New SEC staff statement on interfaces: https://t.co/9PnfmDrtFn
And why we need rulemaking (so sharpen your pencils to weigh in): https://t.co/KcqpxIln1P
I plan to be in southwest Florida on May 12. If you'd like to meet, please email [email protected] with Florida in the subject line and a brief description of what you'd like to discuss.
I will be in Boston April 17. If you'd like to meet with me, please email [email protected] with Boston in the subject line and a brief description of what you'd like to discuss.
My 2 recent speeches. One on Materiality and Mona Lisa and the other on Investment Companies and Cartoons: https://t.co/AD4418bGLn and https://t.co/Gjp9kSifGN
I will be in Philly on March 30. If anyone would like to meet with me, please email [email protected] with Philadelphia in the subject line and a brief description of what you'd like to discuss.
@KulveerRanger@SECGov Thank you, Lord Ranger, for stopping by yesterday. I enjoyed our conversation about improving the US-UK regulatory environment for innovation.
After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the SEC treats crypto assets under federal securities laws.
This is what regulatory agencies are supposed to do: draw clear lines in clear terms.
My statement to the Investor Advisory Committee, including questions on the Committee's draft tokenization recommendation and a hat tip to the classic movie Adam's Rib: https://t.co/V4hGntvKyD
I plan to be at #Exchange2026 in Las Vegas on March 16. If anyone wants to meet with me, please send an email to [email protected] with Las Vegas in the subject line and a brief description of what you'd like to discuss.
The era of turf wars, duplicative registrations, & differing regulations between @SECgov & @CFTC is over.
By aligning regulatory definitions, coordinating oversight, & facilitating data sharing, @ChairmanSelig & I will ensure we deliver the clarity market participants deserve.