Head of the SEC's cryptocurrency task force: Stock tokenization is still within the scope of securities regulation.

[The head of the SEC's crypto group: Stock tokenization still falls under the scope of securities regulation] Hester Peirce, the head of the U.S. Securities and Exchange Commission (SEC) cryptocurrency special group and a commissioner, stated that tokenizing stocks and other assets does not change their essence and must still comply with federal securities laws. Although Peirce has long supported crypto innovation, she emphasized that relevant market participants must strictly fulfill their regulatory obligations. This statement responds to calls from some industry players for the free trading of stocks and other assets on the Blockchain and reminds that digital assets are also subject to regulatory frameworks.