The U.S. Securities and Exchange Commission (SEC) has issued a statement outlining a comprehensive framework for the classification of tokenized securities. The SEC emphasized that regardless of the blockchain or technology used, securities remain subject to federal securities laws. This move aims to eliminate ambiguity in the market by focusing on the economic substance of securities rather than their technological form. Traditional financial institutions have expressed concerns about potential regulatory arbitrage, fearing that more lenient rules for on-chain securities could disadvantage traditional market participants.