Tokenized securities aren't exempt from SEC oversight, Hester Peirce says
Main Idea
SEC Commissioner Hester Peirce stated that tokenized stocks are subject to regulatory oversight, emphasizing that blockchain technology does not change the nature of the underlying asset.
Key Points
1. Tokenized stocks are not exempt from regulatory oversight according to SEC Commissioner Hester Peirce.
2. Blockchain technology does not alter the fundamental nature of the underlying asset.
3. Peirce made these remarks in her capacity as a commissioner of the U.S. Securities and Exchange Commission.
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