The U.S. Securities and Exchange Commission's (SEC) Crypto Task Force met with Robinhood representatives to discuss crypto service provisions and security tokenization.
Discussion of Crypto Service Regulatory Rules
During the September 2 meeting, Robinhood representatives, including General Counsel Lucas Moskowitz, presented an agenda focused on regulatory rules affecting crypto services. They discussed regulations such as Rule 15c2-11 and Rule 15c3-1, originally crafted for traditional securities.
Tokenization of Securities
One of the main topics was the tokenization of securities, including private, over-the-counter, and exchange-traded assets. Robinhood and SEC staff discussed how these assets could be turned into tokens and the regulatory hurdles associated with this.
Broader Trends in Crypto Regulation
The Robinhood meeting comes amidst a wave of similar SEC engagements with other crypto stakeholders. Recently, the SEC also held sessions with companies such as Kraken and the Blockchain Association, discussing asset custody rules and tokenization.
For Robinhood, the meeting with the SEC highlights the company's intent to remain a significant player in shaping regulatory discussions. Tokenization and custody rules will be crucial in how the U.S. regulates crypto in the future.
