SEC Faces Pressure to Reject Nasdaq's Tokenized Securities Plan Over Transparency Issues
CryptocurrencyNasdaqUpdated a day ago

SEC Faces Pressure to Reject Nasdaq's Tokenized Securities Plan Over Transparency Issues

The SEC is urged to reject Nasdaq's proposal for tokenized securities due to significant transparency concerns raised by Ondo Finance. The lack of clarity regarding the management of post-trade settlements by the Depository Trust Company poses risks for investors. This situation underscores the ongoing debate about regulatory oversight in the digital asset space, with potential implications for future tokenization initiatives.

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SEC Urged to Disapprove Nasdaq Tokenized Securities Plan Amid Transparency Concerns
NegativeCryptocurrency
The SEC is facing pressure to reject Nasdaq's proposal for tokenized securities due to significant transparency issues. This move is crucial as it highlights the ongoing debate about regulatory oversight in the rapidly evolving digital asset space. If the SEC disapproves the plan, it could set a precedent for how similar initiatives are evaluated in the future, impacting the broader market for tokenized assets.
Ondo Finance Urges SEC to Delay Nasdaq's Tokenization Plan Over Transparency Gaps
NegativeCryptocurrency
Ondo Finance is calling on the SEC to postpone Nasdaq's tokenization plan due to concerns over transparency. The proposed changes lack clarity on how the Depository Trust Company would manage post-trade settlements for these tokens, raising questions about the reliability of the process. This matters because effective tokenization could revolutionize trading, but without clear guidelines, investors may face unnecessary risks.

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