SEC explores Ethereum token standard for compliant securities
ERC-3643 Association president Dennis O’Connell told Cointelegraph the SEC showed “a noticeable shift in tone” and openness to blockchain standards.
The US Securities and Exchange Commission (SEC) met with industry players to discuss a token standard to support the compliant issuance and transfer of tokenized securities.
The SEC’s Crypto Task Force met with Ethereum-aligned organizations on Thursday, including the ERC-3643 Association, Chainlink Labs, the Enterprise Ethereum Alliance and Linux Foundation (LF) Decentralized Trust.
During the meeting, the blockchain proponents and the SEC explored how open standards like ERC-3643 and compliance frameworks like Chainlink’s Automated Compliance Engine (ACE) could help bridge onchain technology with traditional regulatory requirements.