TechFlow news, June 19 — According to The Block, on June 18, 2025, the Solana Policy Institute (SPI), together with industry leaders including Phantom, Orca, and Superstate, submitted a framework proposal for "compliant tokenized securities" to the SEC's Crypto Task Force. The framework recommends bringing traditional assets such as stocks and bonds onto blockchains and providing regulatory exemptions for non-custodial blockchain protocols. SPI stated that its Project Open initiative could modernize capital markets by enabling 24/7 trading and instant settlement of traditional assets, while reducing costs and increasing transparency. The framework emphasizes the fundamental distinction between decentralized protocols and traditional intermediaries, urging the SEC to provide clear guidance to maintain U.S. competitiveness in financial innovation.
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