The December 4 meeting brought together Coinbase, BlackRock, Galaxy, and Robinhood with the SEC to shape a framework for crypto stocks, while also reviewing corporate governance updates and AI disclosure requirements.
The U.S. Securities and Exchange Commission (SEC) announced on November 25 that its Investor Advisory Committee will hold a virtual meeting on December 4 to assess the role of tokenized securities in Capital markets. The event marks a significant step forward as the top U.S. regulator formally puts blockchain technology on the agenda, reflecting growing pressure from financial institutions to modernize market infrastructure.
The agenda is Chia into two main parts. The morning focuses on legal changes in corporate governance, including reviewing the 2025 amendments to the shareholder proposal rules, the debate on arbitration clauses and proxy voting reform. Experts such as Elizabeth Bieber, John Coates and Brad Goldberg will Chia different perspectives on the evolving governance ecosystem.
The dialogue between technology and regulation
The afternoon session promises to be a groundbreaking session as representatives from Coinbase, BlackRock, Robinhood, Nasdaq, Citadel Securities, and Galaxy Digital Holdings come together to examine the structural implications of crypto-equities. Key issues include the differences between native and wrapper offerings, ownership variations, and the applicability of existing investor protection regulations.
The SEC is particularly interested in the applicability of Regulation NMS (National Market System) to tokenized securities, interoperability between Token on different blockchains, and the challenges of clearing and settlement as well as short selling. Moderators Andrew Park and John Gulliver will lead the discussion, aiming to build a regulatory framework that balances innovation and investor protection.
The committee will also XEM a draft recommendation requiring disclosure of the impact of artificial intelligence on the operations of listed companies. The entire session will be streamed live on the SEC website, demonstrating the regulator’s commitment to transparency in shaping the future of US Capital markets.
