SEC’s Tokenization Roundtable Sets Stage for Finance Overhaul—Peirce Warns of Disruption
Wall Street’s old guard braces as the SEC unveils details for its landmark tokenization roundtable. Commissioner Hester Peirce—crypto’s unlikely ally—doubles down on her prediction: ’This could substantially change finance as we know it.’
Expect heated debates on how blockchain might bypass traditional intermediaries (and their juicy fees). The meeting could accelerate regulatory clarity—or become another bureaucratic graveyard for innovation.
Bonus jab: Goldman Sachs reportedly scrambling to trademark ’Blockchain-Based, AI-Powered, ESG-Compliant Tokenized Derivatives’ just in case.
Blockchain meets finance
The agenda includes two sessions: “Capital Markets 2.0,” moderated by Jeff Dinwoodie of Cravath, and “The Future of Tokenization,” led by Tiffany Smith of WilmerHale.
Legal scholars, crypto firm executives, and asset managers will discuss how blockchain can integrate with traditional finance under current SEC frameworks.
The SEC also announced a date change for its upcoming roundtable on decentralized finance. The “DeFi and the American Spirit” discussion, originally set for June 6, will now take place on June 9. Prior registrations remain valid.
The roundtables come amid increased engagement between regulators and the crypto industry.
In a separate meeting, tokenization platform ONDO Finance presented its proposal to the SEC’s Crypto Asset Working Group, outlining a regulatory framework for tokenized U.S. securities and requesting relief mechanisms to support innovation.
