US Sets Global Standard for Tokenized Asset Regulation

Caroline D. Pham, a regulatory figure in the US, claims that the country is setting the global standard for tokenized asset regulation. The statement comes as both the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are moving forward with their own rulebooks for digital assets.

The CFTC has issued guidance stating that regulated firms can invest customer funds in tokenized versions of already-permitted assets, provided 'the tokenized form of the asset grants the holder legal and economic rights that are the same or functionally equivalent to the rights received by holders of the asset in its traditional form.'

The SEC is also advancing a proposed Regulation Crypto Assets with registration exemptions capped at $5 million and $75 million, with public hearings scheduled through October 20. This move aims to create a robust regulatory environment for tokenized assets, allowing them to grow without constant legal ambiguity.