The Trump administration has opted to bypass the Basel Accords' stringent crypto asset regulations, promoting a technology-neutral regulatory approach for tokenized securities in the U.S. This move allows large financial institutions to develop and profit from tokenized assets without adhering to the Basel Committee's high-risk weight standards, which can reach up to 1250% for non-compliant entities. Key U.S. regulators, including the FDIC, Federal Reserve, and OCC, have adopted an "America First" strategy, equating tokenized securities with their traditional counterparts in terms of legal rights.
Major financial players such as the New York Stock Exchange, Goldman Sachs, Nasdaq, DTCC, BlackRock, Bank of New York Mellon, Citigroup, and JPMorgan Chase are capitalizing on this regulatory shift. These institutions have initiated pilot projects and platforms for tokenized stocks, funds, and deposits, positioning themselves as potential leaders in the burgeoning field of tokenized securities.
Trump Administration Bypasses Basel Accords to Boost Tokenized Securities
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