Tokenization · Bloomberg · SEC · Donald Trump · CoinDesk
SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens
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The long-awaited U.S. Securities and Exchange Commission rule to begin allowing tokenization of securities, a change that could have profound effects on the financial markets, has been facing the contentious perception it'll allow synthetic tokens, but a commissioner has taken the unusual step to post statements about the unpublished rule to potentially counter those views.
Key facts
- UPDATE (May 22, 2026, 18:53 UTC): Adds delay of the rule release
- Atkins said at the time that Commissioner Peirce's "fingerprints are all over" the SEC's rulemaking
- Only Congress can ensure that regulation in this area is future-proofed through comprehensive market structure legislation," Atkins said in March
- The flames had been fanned by Bloomberg News reporting this week that predicted the agency was leaning toward including a path for synthetic tokens tradeable on decentralized crypto platforms
Summary
Rumors and reporting circulated this week on the possibility the U.S. Securities and Exchange Commission would open a door to exempt synthetic tokenization of securities, but Commissioner Hester Peirce made an unusual move to openly discuss a pending rule, saying the plan doesn't include synthetics. Peirce dismissed the "hyperbole" about the major crypto rule the agency is poised to propose, posting twice on social media site X to explain her view. The long-awaited U.S.
Peirce, the commissioner behind the SEC's Crypto Task Force, wrote that she expects the coming rule, now potentially delayed, would be "limited in scope & would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.