The U.S. Securities and Exchange Commission (SEC) recently met with industry representatives, including Ethereum-focused organizations, to discuss token standards that would facilitate the compliant issuance and transfer of tokenized securities. During the meeting, the SEC's Crypto Task Force engaged with members from the ERC-3643 Association and others to explore how standards like ERC-3643 can bridge blockchain technology with regulatory requirements. Dennis O’Connell, president of the ERC-3643 Association, noted a significant shift in the SEC's tone toward supporting industry-led standards for blockchain compliance. While the Task Force did not take a definitive position on tokenized securities, they expressed interest in understanding how blockchain can address compliance concerns. This meeting marks a crucial step in the industry's efforts to align with regulatory frameworks, as the SEC Chair, Paul Atkins, hinted at exploring changes that could promote tokenization in the U.S. market. The ERC-3643 Association aims to continue collaboration with the SEC as they seek to propel U.S. leadership in blockchain adoption for capital markets.

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