The US Securities and Exchange Commission released a comprehensive classification framework for tokenized securities on the same day Robinhood’s CEO publicly called for stock market tokenization. Meanwhile, Terra’s Mirror Protocol—the first large-scale experiment in synthetic tokenized securities—ended with over $40 billion in investor losses and its founder’s guilty plea, underscoring the urgent need for regulatory clarity. SEC Presents Tokenized Securities Framework On January 28, the SEC’s Divisions of Corporation Finance, Investment Management, and Trading and Markets jointly issued a “Statement on Tokenized Securities. ” The statement systematically classifies various structures of blockchain-recorded securities and specifies how existing federal securities laws apply to each type
source: https://beincrypto.com/robinhood-vs-do-kwon-sec-clarifies-on-stock-tokens/