The U.S. Securities and Exchange Commission’s (SEC) crypto task force
led by Commissioner Hester Peirce, is continuing its behind-the-scenes engagement with digital asset firms as the agency weighs new approaches to crypto regulation.
In a meeting disclosed on April 24, representatives from Ondo Finance and the law firm Davis Polk & Wardwell sat down with SEC officials to discuss key regulatory concerns surrounding tokenized versions of publicly traded U.S. securities.
Focus on Tokenized Securities and Compliance
The conversation reportedly centered on how Ondo Finance could issue and sell wrapped, tokenized securities while remaining compliant with existing financial regulations. Discussions included potential registration requirements, the establishment of a regulatory sandbox, and broader frameworks for digital assets that mimic traditional financial instruments.
This meeting marks another step in the SEC’s evolving approach to crypto oversight. The task force appears increasingly open to dialogue as it evaluates how tokenization can align with U.S. securities law.
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Political and Legal Connections Raise Eyebrows
The meeting has drawn added attention due to Ondo Finance’s prior $1 million donation to former President Donald Trump’s inauguration fund. Meanwhile, Davis Polk — one of the firms present — recently announced it would represent Trump’s Truth Social in launching crypto-linked ETFs.
Though the SEC has not commented further on the meeting, the ongoing collaboration signals a potential shift in how the agency may address tokenized investment products amid growing institutional interest in digital finance.
Kostadin Dimitrov
