Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity
CoinDesk·
60-second summary
The Securities Transfer Association is lobbying the SEC, warning that third-party tokens pose risks to market integrity, citing concerns over regulatory compliance and investor protection. The industry group advocates for company-authorized tokenization to receive preferential treatment under future rules, potentially impacting the development and adoption of decentralized finance applications and market participation.
The Securities Transfer Association, an industry group for transfer agents, said company-authorized tokenization should receive preferential treatment under future rules.