SEC explores Ethereum token standard for compliant securities
Main Idea
The SEC met with Ethereum-aligned organizations to explore how token standards like ERC-3643 and compliance frameworks could facilitate the integration of blockchain technology with traditional securities, signaling potential regulatory support for tokenization.
Key Points
1. The SEC’s Crypto Task Force met with Ethereum-aligned organizations, including the ERC-3643 Association, Chainlink Labs, and the Enterprise Ethereum Alliance, to discuss blockchain compliance and token standards.
2. ERC-3643 is a token standard backed by the ERC-3643 Association, aimed at facilitating compliant securities on the blockchain.
3. Dennis O’Connell, president of the ERC-3643 Association, described the meeting as a 'major step for the industry' and noted the SEC's engagement and motivation to support crypto and onchain securities in the US.
4. The discussion focused on elements of a regulatory framework for tokenized securities, including identity, compliance, registry, and control.
5. SEC Chair Paul Atkins expressed support for tokenization, stating that the movement of assets to the blockchain is inevitable and that the SEC is considering changes to promote it.
Description
ERC-3643 Association president Dennis O’Connell told Cointelegraph the SEC showed “a noticeable shift in tone” and openness to blockchain standards.
Latest News
- Eric Trump takes victory lap 5 months after telling everyone to buy ETH2025-07-22 06:44:30
- Cathie Wood sells Coinbase, Roblox shares for Tom Lee’s ETH firm2025-07-22 06:42:04
- Republicans propose 7% leaner SEC budget compared to Biden’s era2025-07-22 06:25:41
- Chinese pork producer turned BTC miner kicks off Dogecoin plan2025-07-22 06:25:24
- Ether Machine founder claims ETH outperformed BTC over past 10 years2025-07-22 04:44:54