How the tables have turned in Washington.
On Monday, the Securities and Exchange Commission — now led by crypto ally Paul Atkins — held a series of roundtables focused on tokenisation.
That’s the concept that pairs assets like stocks and bonds with digital tokens on a blockchain.
Atkins says he‘s charting a “new day” for crypto with his three-pronged plan to aid the digital assets industry. And the agency continues to host conversations with industry leaders to advance rules of the game in favour of the crypto industry.
It’s a major pivot from SEC policy under former Chair Gary Gensler.
“It was quite something to watch an SEC roundtable yesterday emphasise the need to re-think capital market structures and regulation,” said Noelle Acheson in her newsletter Crypto is Macro Now.
“I confess I get goosebumps.”
That’s because for years, financial giants including BlackRock have been pushing to get financial assets on-chain.
Now, under the administration of US President Donald Trump, who has named a number of pro-crypto figures into key policy roles, those companies are eager for a top spot in the tokenisation trade.