Wall Street Firms Challenge SEC on Tokenized Securities Exemptions in Key Meeting

Major Wall Street institutions have opposed proposed regulatory exemptions for tokenized securities during a recent meeting with the U.S. Securities and Exchange Commission (SEC). The financial giants argued against creating special rules that would ease compliance for blockchain-based digital assets, emphasizing the need for a consistent regulatory framework. This pushback highlights the ongoing tension between traditional finance seeking clear guidelines and crypto innovators advocating for tailored approaches. The SEC's stance on digital assets remains a critical focus for the future of tokenization in capital markets, impacting projects across the blockchain ecosystem.