SEC Trading Division Director Lays Out Tokenized Securities Framework and Joint CFTC Harmonization Push

Jamie Selway, Director of the SEC's Division of Trading and Markets, outlined two structural workstreams on June 4: a framework to list and trade tokenized securities under an 'innovation without arbitrage' principle, and a joint SEC-CFTC effort to harmonize conflicting rulebooks across swap reporting, portfolio margining, and product definitions.

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