CFTC Chair Selig Backs Tokenization as SEC Advances Onchain Stocks

Two US market regulators converging on tokenization is the substantive shift here, not any single speech: the CFTC framing it as structural market change while the SEC moves on onchain equities suggests the agenda is proceeding through agency action even where legislation stalled. That matters most for venues and issuers weighing whether tokenized products face a coherent federal posture or a patchwork. The open question is whether the two agencies coordinate on definitions and custody as the SEC's onchain stocks work advances, or diverge in ways that complicate cross-market issuance.