Forbes: Trump Leads U.S. Regulatory Bypass of Basel Accord to Develop Tokenized Securities, Major Financial Institutions Benefit

Techub News, according to Forbes, U.S. financial regulators under Trump's leadership believe there is no need to comply with the Basel Accord's approach to crypto assets and should instead provide a technology-neutral regulatory strategy for tokenized assets, thus bypassing the Basel Accord to promote the development of tokenized securities. Currently, the Basel Committee on Banking Supervision imposes extremely strict standards on crypto asset risk exposure, with non-compliant financial institutions facing risk weights as high as 1250%. However, when the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) released a Frequently Asked Questions (FAQ) on the capital treatment of tokenized securities, they adopted an "America First" strategy, stating that securities granting tokenized assets the "same legal rights" as their non-tokenized counterparts should receive equal treatment. The New York Stock Exchange (NYSE), Goldman Sachs, Nasdaq, DTCC, BlackRock, Bank of New York Mellon, Citigroup, and JPMorgan Chase have all benefited from this, launching pilot projects or platforms for tokenized stocks, funds, and deposits, and may become the "biggest winners" in this field in the future.