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U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has cautioned that tokenized stocks and similar blockchain-based financial products remain firmly under U.S. securities laws, even as crypto firms push to bring digital versions of equities to blockchain trading.

Tron founder Justin Sun said he plans to spend $100 million buying President Donald Trump’s TRUMP memecoin.

Binance founder Changpeng “CZ” Zhao is backing the launch of a company designed to buy and hold BNB tokens.

Top stories in the Crypto Roundup today:

  • SEC’s Peirce Warns Tokenized Securities Still Face Rules Despite Blockchain Shift
  • Tron’s Justin Sun Pledges $100M to Trump Memecoin
  • Binance Founder’s Family Office Backs BNB Treasury Firm

 
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SEC’s Peirce Warns Tokenized Securities Still Face Rules Despite Blockchain Shift

 

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has cautioned that tokenized stocks and similar blockchain-based financial products remain firmly under U.S. securities laws, even as crypto firms push to bring digital versions of equities to blockchain trading.

“Tokenized securities are still securities,” Peirce wrote in an online post Wednesday, adding that blockchain “does not have magical abilities to transform the nature of the underlying asset.”

Her remarks come as crypto exchanges like Coinbase, Kraken, and Robinhood explore letting customers trade tokens representing shares of traditional equities. 

Some firms have already launched these products overseas, aiming to tap investor interest in digital assets linked to real-world securities.

Peirce, who leads the SEC’s cryptocurrency task force and is known for favoring innovation in the crypto space, signaled the agency is open to working with industry players. 

She urged firms considering tokenization products to engage with regulators, saying the SEC “is ready to craft appropriate exemptions and modernize rules.”

 
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Tron’s Justin Sun Pledges $100M to Trump Memecoin

 

Tron founder Justin Sun said he plans to spend $100 million buying President Donald Trump’s TRUMP memecoin.

“We are committed to buying $100 million of TRUMP,” Sun posted on X Wednesday, calling the move a step toward collaboration across crypto ecosystems. 

The pledge comes days after Tron DAO announced the TRUMP token would launch on the Tron blockchain. 

Sun, already among the largest holders of TRUMP, attended a gala dinner hosted by Trump earlier this year. At the time, Sun owned nearly $19 million worth of the Solana-based token, giving him a leading stake in the memecoin linked to the U.S. president.

 
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Binance Founder’s Family Office Backs BNB Treasury Firm

 

Binance founder Changpeng “CZ” Zhao is backing the launch of a company designed to buy and hold BNB tokens.

YZi Labs, tied to Zhao’s family office, said it will support 10X Capital in creating a BNB treasury company aiming to list shares on a major U.S. stock exchange. 

The firm, so far unnamed, will be led by David Namdar, a co-founder of Galaxy Digital and partner at 10X Capital. 10X will manage the firm’s assets.

“BNB Chain is one of the most widely adopted blockchain ecosystems,” Ella Zhang of YZi Labs said in the statement. “Expanding its institutional access can deliver meaningful benefits to the broader public.”

 
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