Gate News reports that on March 8, under the leadership of former President Trump, U.S. financial regulators are bypassing the Basel Accords (international banking regulation standards) to promote the development of tokenized securities. Regulators believe there is no need to follow Basel’s treatment of crypto assets and instead should provide technology-neutral regulatory strategies for tokenized assets. Currently, the Basel Committee on Banking Supervision has very strict standards for crypto asset risk exposure, with non-compliant financial institutions facing risk weights of up to 1250%. However, the FDIC, Federal Reserve, and OCC have adopted a “America First” approach in their FAQs on capital treatment for tokenized securities, stipulating that if tokenized securities have the same legal rights as their non-tokenized counterparts, they should be treated equally. As a result, the New York Stock Exchange, Goldman Sachs, NASDAQ, DTCC, BlackRock, Bank of New York Mellon, Citigroup, and JPMorgan Chase are benefiting and have launched pilot projects or platforms for tokenized stocks, funds, and deposits.
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