SEC Commissioner Hester Peirce believes there is uncertainty in the commission’s definition of crypto assets or digital asset securities. Peirce made this point during an interview with the Thinking Crypto podcast, highlighting the origins of the term and the linguistic issues associated with it. However, the SEC commissioner clarified that some crypto assets may still be considered securities. She suggested that tokenized versions of traditional stocks may exist in the future, but this will not change their classification as securities. The same applies to tokenized bonds, which remain securities despite being tokenized. Peirce believes that it is crucial for people creating crypto assets to make sure they fully understand the legal implications of their products. She noted that some crypto asset creators may split an existing asset or introduce something that can generate payments to individuals.
Meanwhile, Pierce stressed the importance of digital asset creators considering whether their product qualifies as a security. She argued that it is incorrect to assume that no crypto asset can be classified as such. Moreover, she stressed the need for the SEC to be more specific in defining digital assets. 🤝*** Support the author Favorite XRP token: rJu2tsxQngnBi2n1UYj3WoDt4f8Pmnd5wz Memo 932390456 #ЛюбимыйТокен #BinanceTurns7
