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Sec Meets Nyse And Ice To Discuss Rules And Tokenized Stocks
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SEC Meets NYSE and ICE to Discuss Rules and Tokenized Stocks

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The U.S. Securities and Exchange Commission (SEC) met with the New York Stock Exchange (NYSE) and Intercontinental Exchange (ICE) on Sept. 26 to discuss rules for products related to Crypto.

The meeting was led by the SEC’s Crypto Task Force and senior executives from NYSE and ICE with talks focusing on how to regulate crypto derivatives and tokenized equities and how these products can fit into the existing system without losing investor protections. 

According to the memorandum of the meeting, key topics included how the SEC and the Commodity Futures Trading Commission (CFTC) should share duties in overseeing crypto assets. They also looked at gaps in current laws, possible exemptions for new products, and how the word “facility” should be defined when trading tokenized shares.

The list of attendees included Elizabeth King, Global Head of Clearing and Chief Regulatory Officer at ICE, Michael Blaugrund, Vice President of Strategic Initiatives at ICE, Jon Herrick, Chief Product Officer at NYSE, and Jaime Klima, General Counsel at NYSE. 

The agenda also listed discussions about investor interests, issuer concerns, and whether certain products might need exemptions to move forward.

Talks on Crypto Derivatives and Tokenized Stocks

Crypto derivatives were a central part of the talks. They are tools that let investors bet on future prices of assets like Bitcoin or Ethereum. 

The SEC wanted to know how to expand these tools safely, since they can give traders more options but also bring higher risks. With NYSE involved, the chance of such products reaching everyday investors becomes much greater.

Tokenized equities were another important topic. These tokens act like digital versions of real company shares. Instead of buying a stock directly, an investor could buy a token that proves ownership.

But there are legal questions about whether tokens count as securities under current law or if new rules must be made. NYSE and ICE asked for clear answers before starting any token-based services.

Through its crypto task force meetings, the SEC is engaging with the digital asset community to understand core issues and develop regulations that balance risk management with the need to encourage innovation. NYSE and ICE are major exchanges from traditional finance, and together with SEC they want to prepare for a future where digital assets are part of daily trading.

Also Read: Robinhood Eyes Europe With Prediction Markets Push



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Niki Head and Chiara Santevecchi to discuss AI at GamesIndustry.biz HR Summit 2025
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Niki Head and Chiara Santevecchi to discuss AI at GamesIndustry.biz HR Summit 2025

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Niki Head, people and development director at Stellar Entertainment Software, and Chiara Santevecchi, the founder and CEO of Teem Camp, will be taking part in a panel about AI at the upcoming GamesIndustry.biz HR Summit.

In a session entitled “Culture in the age of AI”, Head and Santevecchi will examine how AI is reshaping work culture, as well as discussing approaches for introducing AI tools to employees and how these tools can be leveraged.

Head, who has worked at the Guildford-based Stellar Entertainment since 2021, says that her latest passion is “learning about the opportunities and challenges that AI and emerging technologies bring to the world of work.”

Santevecchi, meanwhile, says that her work at the team-building provider Teem Camp combines “behavioural science and AI with the fun of team play, creating experiences that go beyond ‘team building’ to deliver lasting impact on trust, communication, and well-being at work.”

Head and Santevecchi join a line-up that includes Sarah Brewster, founder of the people and culture consultancy Fresh Seed, as well as Skillfull’s Gina Jackson and Amiqus business manager Liz Prince. Sega Europe’s chief people officer Nicky Ormrod will also be joined by Simon Court and Dan Bobby of Value Partnership to talk about how they put the business back on a positive growth trajectory.

The GamesIndustry.biz HR Summit 2025 takes place next Thursday (October 2) at The Royal Institution in London.

Tickets for the event (which includes entry to the Best Places to Work Awards) can be found here.

The winners of the Best Places to Work Awards will be announced during the HR Summit. The finalists for the awards were revealed last week.



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Crypto Execs Met With US Lawmakers To Discuss BTC Reserve, Market Structure
Crypto Trends

Crypto Execs Met With US Lawmakers To Discuss BTC Reserve, Market Structure

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Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.

On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.

“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“

Source: Digital Power Network

Separately, several Republican lawmakers, including House Speaker Mike Johnson, House Financial Services Committee Chair French Hill and Majority Whip Tom Emmer, met on Tuesday with executives from crypto companies, including Coinbase CEO Brian Armstrong, to discuss issues related to the industry. The talks included the advancement of legislation for market structure, which the House of Representatives passed in July.

On Wednesday, another roundtable discussion with Republican leaders on the Senate Banking Committee, reportedly including Wyoming Senator Cynthia Lummis, was held to consider the advancement of a market structure bill.

Republican senators said their version, tentatively called the Responsible Financial Innovation Act, was built on the CLARITY Act, which was passed by the House in July and expected to hold a committee vote by the end of September.

Related: US SEC crypto task force to tackle financial surveillance and privacy

The three roundtable discussions signaled that Republican lawmakers were continuing to focus on legislation related to the crypto and blockchain industry after ending a month-long recess in September. 

Crypto bills under consideration, awaiting votes

The BITCOIN Act is expected to codify an executive order signed by US President Donald Trump in March, opening a legal avenue for the government to hold up to 1 million BTC in a national reserve.

The market structure bill, though still under discussion in the Senate, is expected to clarify the role US financial agencies would have in overseeing and enforcing regulations related to crypto.

Magazine: Bitcoin mining industry ‘going to be dead in 2 years’: Bit Digital CEO



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Sec’s Crypto Task Force Meets With Sifma To Discuss Regulations
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SEC’s Crypto Task Force Meets with SIFMA to Discuss Regulations

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The U.S. Securities and Exchange Commission (SEC)’s Crypto Task Force met with representatives of the Securities Industry and Financial Markets Association (SIFMA). In the September 10 meeting, they discussed issues related to regulations of tokenized securities. 

According to the memo released by the SEC, SIFMA had requested the meeting on August 7 to discuss seven major agenda items, most importantly, protecting investors and maintaining market integrity in tokenized securities markets. It pointed out the good things about the way the U.S. market works now and why it should be used as a model for new operating frameworks.

There were 20 people at the meeting, 12 of whom were staff members from the SEC’s Crypto Task Force and the others were from SIFMA. Among the attendees were Ken Bentsen, President and CEO of SIFMA, Joe Seidel, COO of SIFMA, and Peter Ryan, Managing Director and Head of International Capital Markets and Strategic Initiatives. 

Among other things discussed was the topic of designing an innovation exemption. This included outlining the key considerations for creating a regulatory sandbox framework to test tokenization models within defined limits. Furthermore, looking for ways to innovate within the existing rules, finding chances to try new things and use them within the current regulatory framework.

SIFMA stressed that tokenized securities should still be treated as securities and that any blockchain-based model should keep custody protections, functional separation, and clear ownership rights.

SEC continues to work for better regulations 

In August, the Crypto Task Force had a number of meetings with representatives of Kraken, one of the country’s largest crypto exchanges, to discuss the future of digital finance: tokenization and staking. 

Furthermore, in early September, the task force also had a meeting with representatives from Robinhood Markets, Inc., its crypto and brokerage affiliates, and outside counsel from Simpson Thacher & Bartlett LLP. The main topic of conversation was Robinhood’s crypto asset-related services and the growing debate over tokenizing traditional securities.

Also Read: SEC Engages BitGo on “Project Crypto” to Modernize Regulation



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Meta is re-training its AI so it won’t discuss self-harm or have romantic conversations with teens

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Meta is re-training its AI and adding new protections to keep teen users from discussing harmful topics with the company’s chatbots. The company says it’s adding new “guardrails as an extra precaution” to prevent teens from discussing self harm, disordered eating and suicide with Meta AI. Meta will also stop teens from accessing user-generated chatbot characters that might engage in inappropriate conversations.

The changes, which were first reported by TechCrunch, come after numerous reports have called attention to alarming interactions between Meta AI and teens. Earlier this month, Reuters reported on an internal Meta policy document that said the company’s AI chatbots were permitted to have “sensual” conversations with underage users. Meta later said that language was “erroneous and inconsistent with our policies” and had been removed. Yesterday, The Washington Post reported on a study that found Meta AI was able to “coach teen accounts on suicide, self-harm and eating disorders.”

Meta is now stepping up its internal “guardrails” so those types of interactions should no longer be possible for teens on Instagram and Facebook. “We built protections for teens into our AI products from the start, including designing them to respond safely to prompts about self-harm, suicide, and disordered eating,” Meta spokesperson Stephanie Otway told Engadget in a statement.

“As our community grows and technology evolves, we’re continually learning about how young people may interact with these tools and strengthening our protections accordingly. As we continue to refine our systems, we’re adding more guardrails as an extra precaution — including training our AIs not to engage with teens on these topics, but to guide them to expert resources, and limiting teen access to a select group of AI characters for now.”

Notably, the new protections are described as being in place “for now,” as Meta is apparently still working on more permanent measures to address growing concerns around teen safety and its AI. “These updates are already in progress, and we will continue to adapt our approach to help ensure teens have safe, age-appropriate experiences with AI,” Otway said. The new protections will be rolling out over the next few weeks and apply to all teen users using Meta AI in English-speaking countries.

Meta’s policies have also caught the attention of lawmakers and other officials, with Senator Josh Hawley recently telling the company he planned to launch an investigation over its handling of such interactions. Texas Attorney General Ken Paxton has also indicated he wants to investigate Meta for allegedly misleading children about mental health claims made by its chatbots.



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GameFi Guides

SEC Crypto Task Force And Kraken Discuss Asset Tokenization

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Securities and Exchange Commission’s staff and crypto exchange Kraken recently discussed various issues related to the tokenization of traditional assets and the regulatory framework for these assets.

Kraken Meets With Crypto Task Force

On Monday, Kraken and the US SEC Crypto Task Force’s staff met to discuss the tokenization of traditional assets and a potential tokenized trading system in the US. The Commission’s staff had a meeting with representatives from Payward, Inc., Kraken Securities LLC, and law firm Wilmer Cutler Pickering Hale and Dorr LLP.

According to the SEC’s memorandum, the agenda included approaches to address issues related to the regulation of crypto assets and the legal and regulatory framework for operating a tokenized trading system.

Notably, the topics also included an outline of the core components of the proposed tokenized trading system’s architecture, addressing potentially relevant provisions under the federal securities laws, examining how the SEC can provide regulatory clarity and facilitate innovation, and discussing the benefits of tokenization.

The reunion follows the crypto exchange’s interest in launching tokenized stocks of popular equities outside of the US. In May, Kraken announced its plan to allow non-US customers to trade a tokenized version of popular equities, offering over 50 stocks and Exchange-Traded Funds (ETFs), like Apple, Tesla, and Nvidia.

Kraken’s tokenized equities enable users in Europe, Latin America, Africa, and Asia to invest in US stocks even when the US stock market is closed, with lower trading costs and faster settlement.

Similarly, Coinbase is seeking the SEC’s approval to offer tokenized stocks to its customers. In June, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, told Reuters that the emerging sector is a “huge priority” for the crypto exchange.

Nonetheless, Coinbase would need to be granted a “no action letter” or exemptive relief from the Commission, as typically, companies that offer trading in securities must be registered as broker-dealers under the securities regulator.

“With a no-action letter, an issuer of a tokenized equity or a platform that wishes to offer secondary trading in those equities can have some confidence, some comfort, that the SEC has adopted its view of why this product is compliant,” Grewal stated, noting that, “it’s that confidence that has been lacking so far, and I think really held back a lot of the institutional adoption” of crypto and blockchain technology.

Industry Concerns For Tokenized Equities

Kraken’s push for regulatory clarity regarding tokenized stocks also follows recent concerns from the world’s biggest stock exchanges. On August 25, Reuters reported that the World Federation of Exchanges (WFE) called on securities regulators to crack down on tokenized equities, arguing that the blockchain-based tokens “create new risks for investors and could harm market integrity.”

The letter was reportedly sent to the SEC’s Crypto Task Force, the European Securities and Markets Authority (ESMA), and global securities watchdog IOSCO’s Fintech Task Force on August 22. The coalition expressed its concerns that these tokens “mimic” equities without providing the same rights or trading safeguards.

Earlier this year, the World Economic Forum outlined some of the major challenges for tokenized equities adoption, including the lack of sufficient secondary-market liquidity and a clear global standard.

“We are alarmed at the plethora of brokers and crypto-trading platforms offering or intending to offer so-called tokenised U.S. stocks,” the WFE wrote in the recent letter, suggesting that issuers of stock could suffer reputational damage if the tokens fail.

The WFE urged regulators to apply securities rules to tokenized assets, clarify legal frameworks for ownership and custody, and prevent them from being marketed as equivalent to stocks.

Bitcoin (BTC) trades at $110,337 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from NBC News, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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