Tokenized Assets? SEC Says They Still Fall Under Securities – ‘Crypto Mom’ Speaks

Key Points

1. SEC commissioner Hester Peirce cautioned that tokenized assets could be considered securities under US law, emphasizing compliance with federal rules.

2. Peirce's warning followed Robinhood's announcement of its layer-2 blockchain for tokenization, though she did not explicitly name the company.

3. The US House of Representatives is preparing to vote on the Digital Asset Market Clarity Act, which aims to define terms like 'digital commodities,' 'securities,' and 'stablecoins.'

4. Peirce suggested the SEC is open to updating regulations but stressed that tokenized assets linked to traditional securities must comply with existing laws until formal changes are made.

5. The article also mentions broader crypto market trends, including Bitcoin's price surge and growing adoption, but focuses primarily on regulatory developments.