Crypto’s New Era: Securitize COO Sonnenshein Discusses How Lawsuits Are Dropped and SEC Is Listening
Crypto’s new era is unfolding rapidly, and the landscape is evolving faster than ever. According to Michael Sonnenshein, COO of Securitize, this transformation marks a major shift for the U.S. crypto industry. In a recent interview, Sonnenshein highlighted the positive regulatory changes, including dropped lawsuits and a more cooperative approach from the SEC. The once harsh “regulation by enforcement” mentality is now giving way to an environment where collaboration and innovation are being encouraged.
The U.S. crypto economy has advanced significantly, Sonnenshein noted, especially since the White House began actively interacting with crypto companies. The Biden administration is now concentrating on encouraging innovation rather than just enforcing laws. With around $2.5 billion in assets already tokenized by Securitize on blockchain networks like Ethereum and Polygon, this is critical for the future of the industry as tokenized real-world assets gain traction.
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As regulatory clarity starts to take shape, the period of ambiguity is coming to an end. According to Sonnenshein, the SEC has now established a task force devoted to working with cryptocurrency companies, indicating a readiness to pay attention to and interact with the sector. For cryptocurrency companies, this marks a sea change since it allows them to function in a more open and encouraging regulatory framework.
The crypto industry’s future expansion depends on this change, particularly if emerging technologies like tokenized real-world assets gain traction. These developments will contribute to further establishing how blockchain technology is revolutionising a number of industries, including real estate and finance.
Businesses and consumers alike benefit from the government’s and regulators’ altered perspective. In the upcoming years, the cryptocurrency sector is anticipated to develop and gain traction due to more transparent regulations and improved communication between industry participants and regulators.
