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SEC Official Says Tokenized Assets Are Still Securities Under U.S. Law

  • SEC official David Hirsch emphasizes that tokenized assets remain subject to securities laws if classified as securities.
  • Tokenizing traditional assets like stocks or bonds on a blockchain doesn't alter their legal treatment under U.S. law.
  • Hirsch warns that tokenized products will be governed by the same regulations including disclosure and registration requirements.
  • Regulators are closely monitoring major firms like BlackRock and Franklin Templeton venturing into tokenized finance.

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