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The SEC has been taking more moderate steps since the departure of former SEC Chairman Gary Gensler, who took a negative approach towards cryptocurrencies.
At this point, the SEC, which has closed the vast majority of cryptocurrency cases, including the Ripple (XRP) case, is expected to take more positive steps with the inauguration of new chairman Paul Atkins.
As the SEC continues to make innovative moves, it was revealed that it was meeting with an altcoin team.
Accordingly, Ondo Finance (ONDO) has joined with the SEC Crypto Task Force chaired by Hester Peirce to propose a regulatory framework for the tokenization of publicly traded securities in the United States.
In addition to Ondo Finance officials, attorneys from Davis Polk and Wardwell law firm also attended this meeting.
The ONDO price rose more than 10% after the SEC meeting announcement, rising above $1. However, ONDO has given back some of its gains and is trading at $0.96 at the time of writing.
On April 25, the crypto task force will hold a roundtable event to discuss custody, including representatives from Kraken, Anchorage Digital Bank, WisdomTree, and others.
While Ondo Finance attracted attention with its $1 million donation to Donald Trump’s inauguration fund, Davis Polk and Wardwell law firm announced on April 22 that it would represent the US President’s social media company Truth Social to launch crypto-linked exchange-traded funds.
*This is not investment advice.
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