Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty
Source: CoinDesk ·
From the source
Wall Street's push to bring finance onto blockchain rails may continue under existing laws, though the SEC and CFTC face tougher oversight and questions over how long their rules will last, experts said. Wall Street's plans to put stocks, bonds and funds on blockchain rails, along with growing stablecoin payments businesses, may have a better chance of weathering Democrats' midterm sweep than other corners of crypto. Both can move ahead under existing laws, even as Washington's broader digital asset agenda and President Donald Trump's claim to make the U.S. the world's crypto capital face a tougher political landscape, industry experts told CoinDesk Wednesday. Peter Curley, head of global regulatory affairs at tokenization firm Ondo Finance ONDO $0.4139 , said he expects the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to face more congressional questioning but sees little reason for tokenized securities to grind to a halt. “The agencies…
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