Solana Policy Institute's letter asks the SEC to judge 'permissionless' ledgers for tokenized stock venues by validator control; Hedera wants the opposite.
- The Solana Policy Institute has urged the SEC to define 'permissionless' ledgers for tokenized stock trading based on validator control, not just public access.
- This definition is crucial for determining which blockchains can host tokenized US stock trading under a new SEC exemption, with Hedera advocating for permissioned networks to qualify.
- The SEC is currently reviewing public comments on the exemption, with the Solana Policy Institute and SIFMA seeking clearer regulatory guidance on blockchain characteristics for tokenized securities venues.
Topics: Legal regulatory, Blockchain usage, Institutional adoption, Securities law classification, Ethereum evm l 1 s, Banking depository pilots
Tags: #solanapolicyinstitute #sec #permissionlessledgers #tokenizedsecurities #validatorcontrol #hedera #sifma #digitalassetmarketclarityact #distributedledger #transactionordering