U.S. Crypto Industry Sees Positive Shift Under New Administration
Michael Sonnenshein, the COO of Securitize, highlighted a significant change in the U.S. crypto industry’s regulatory surroundings. during a Bloomberg TV interview, he noted a stark contrast between the previous and current administrations’ approaches.
The Biden administration is now more open to collaboration, unlike the enforcement-focused stance of the Trump era. Sonnenshein described this as a “night and day” difference. The White House now has a crypto head, and the SEC is actively engaging with businesses. This shift is fostering innovation and growth in tokenized real-world assets.
Securitize, a leading tokenization platform, has already tokenized nearly $2.5 billion in assets, including treasuries and public equities, on blockchains like Ethereum and Polygon. Tokenization offers daily dividends, instant liquidity, and 24/7 access, benefits not available in traditional finance. The firm’s partnership with BlackRock on the BUIDL tokenized treasury fund exemplifies this progress, offering real-time redemptions and DeFi integration.
Tokenized assets are gaining traction. Sonnenshein reported over 500% growth in tokenized treasuries.The company’s success with Exodus, a publicly traded company, underscores this momentum. Thes assets provide unique investor advantages, such as daily dividends and instant liquidity.
- Tokenization improves investor experience.
- real-world assets are expanding, with Securitize seeing significant growth.
- Continued dialog with regulators is crucial for expanding access to real-world assets.
Looking ahead,sonnenshein stressed the importance of ongoing dialogue with regulators. He believes this collaboration is essential for revisiting accredited investor definitions and expanding access to real-world assets.
as the SEC leadership transitions, maintaining this dialogue is vital. “Collaboration is key to revisiting investor definitions and expanding access,” he said. This new regulatory climate is paving the way for further advancements in the crypto space.
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