CFTC pushes for RWA, SEC opens on-chain stocks

According to Woofun AI, US Commodity Futures Trading Commission (CFTC) Chairman Michael Selig and the US Securities and Exchange Commission (SEC) are collaborating to reshape the regulatory framework to adapt to the evolution of blockchain, artificial intelligence, and the on-chain market. The financial market urgently needs to be fully prepared for the large-scale tokenization process.

At the US Treasury Market Conference held on Tuesday, Selig defined RWA (Real World Asset) tokenization as the core infrastructure for building a more efficient financial system, which aims to enable near-instant settlement and real-time collateral flow between clearing houses, intermediaries, and users. He compared the shift from gesture signals to electronic trading methods, strongly believes that tokenization can bring equal changes to all types of assets, and promises that the CFTC will establish rules based on relevant principles and existing powers.

Notably, Seliger warned in August that if the US Congress did not pass the Clarity Act, the CFTC would directly use its existing powers to advance regulatory measures against cryptocurrencies. The bill was ultimately rejected by the Senate on September 15. Subsequently, on September 17, the CFTC submitted a regulatory plan on cryptocurrency asset transactions and markets to the White House for review. Currently, the document is still in the preliminary draft stage, and the details of future regulations have not been explained in detail.

According to data compiled by Woofun AI, this series of actions marks a substantial shift in the regulatory level's attitude towards on-chain finance.

Meanwhile, Jamie Selway, head of SEC's trading and marketing department, emphasized in a Bloomberg TV interview that despite recent politicization trends, tokenization and cryptocurrencies are not inherently political in nature, and America's achievements in this field should receive unanimous support from both parties. On September 17, the SEC officially granted temporary innovation exemptions to certain platforms, allowing them to trade digital versions of US listed stocks under certain conditions. As early as February, SEC Chairman Paul Atkins stated that such exemptions are intended to effectively promote the development of on-chain transactions while regulators develop long-term rules.

The reshaping of the regulatory framework is triggering a revolution in the efficiency of the financial system. With the CFTC and SEC moving from the perspective of derivatives and securities, respectively, the on-chain market is expected to become a new vehicle for the efficient circulation of various types of assets. Although specific rules are still being refined, breaking down political barriers and establishing an attitude of unanimous support has laid a key foundation for America's continued success in the field of on-chain finance.