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CFTC Chair Pushes Tokenization As SEC Opens Door To Onchain Stocks
Authored by Ezra Reguerra via Cointelegraph,
US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said financial markets should prepare for "mass tokenization" as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets.
In remarks delivered Tuesday at the US Treasury Market Conference, Selig said tokenization of real-world assets (RWAs) could become the foundation of a more efficient financial system, enabling near-instant settlement and real-time collateral movement between clearinghouses, intermediaries and users.
"Just as the transition from hand signals to electronic trading advanced our financial system, I believe tokenization can do the same for all asset classes," Selig said, adding that the CFTC would pursue principles-based rules as tokenization and onchain finance evolve.
Selig said in August that the CFTC would move ahead with crypto rules under its existing authority if Congress did not pass the CLARITY Act. The Senate failed to advance the bill on Sept. 15.
On Sept. 17, the CFTC submitted a regulatory action covering crypto asset transactions and markets for White House review. The filing is still at the "prerule" stage and does not detail the planned regulations.
SEC also moves to bring markets onchainOfficials at the US Securities and Exchange Commission (SEC) have also promoted the development of tokenized markets.
In a Bloomberg TV interview, the SEC's Division of Trading and Markets Director Jamie Selway said that tokenization and crypto have recently become politicized but are "not naturally a politicized function."
Selway said US success in developing the markets should receive bipartisan support.
On Sept. 17, the SEC granted a temporary "Innovation Exemption" for tokenized US stock trading.
The exemption lets certain platforms trade digital versions of US-listed stocks under certain conditions.
SEC Chair Paul Atkins said in February that such an exemption could facilitate onchain trading while regulators developed longer-term rules.
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Brazil's Socialist Lula Cries 'Foreign Interference' At UN As Bolsonaro Ties Him In Runoff Polls
"Flávio Bolsonaro has moved marginally ahead of Lula in a potential run-off, with the race effectively tied," Daniel Lavarda, HSBC's head of Brazil macroeconomic research, wrote in a note to clients on Tuesday.
Lavarda said, "Worsening approval ratings weigh on Lula's prospects, reducing probability of re-election to 18% (per to our model)," adding, "With the race tied up, the outcome will hinge on late-campaign developments, turnout and ability to mobilize voters."
Lavarda's latest note on the Brazilian election continues the theme that the right-wing challenger, Bolsonaro, has a real chance of defeating the unhinged socialist, President Luiz Inácio Lula da Silva. That theme largely began when Polymarket's election odds flipped to a Bolsonaro lead on September 10.
Lula (Left); Bolsonaro (Right)Now, the Polymarket bet, with nearly $154 million traded, shows Bolsonaro leading at 59% versus Lula's 41%.
On Tuesday at the United Nations General Assembly in New York, Lula cried foul, saying that countries shouldn't interfere in the internal affairs of other nations.
"We will not allow the enemies of democracy, whether domestic or foreign, to undermine popular will. Brazilian democracy belongs to Brazilians. Brazil will continue to be a sovereign country," Lula said. "Nobody will turn us away from this path."
Meanwhile ...
Lula's speech comes as the prospect of a Bolsonaro win has shifted foreign capital flows back to Brazil. Goldman analysts found, after surveying 70 global investors, that EWZ, the US-listed Brazil equity ETF, could be set up for a 20% surge if the right-wing candidate wins.
Our technical analysts at The Market Ear see far greater upside in Brazilian stocks if a Bolsonaro win materializes early next month:
A Bolsonaro win would cement a rightward shift across much of South America as millions reject nation-killing progressive experiments.
Tyler Durden Wed, 09/23/2026 - 12:40