A historic sign for Ethereum.
On July sixteenth, the Enterprise Ethereum Alliance (EEA), joined a delegation led by ERC-3643 Affiliation and with The Linux Basis and Chainlink Labs, Etherealize to current to the U.S. Securities and Change Fee’s (SEC) crypto asset job power. For the primary time, Ethereum’s requirements and infrastructure had been formally showcased contained in the halls of the SEC. (learn the official SEC assembly assertion)
On the identical time, the SEC issued a no-action letter clarifying that tokenized securities could be issued on Ethereum beneath present legal guidelines, with out requiring a brand new authorized framework. For enterprises constructing onchain, that is the type of readability they’ve been ready for.
This assembly befell in the course of the Crypto Week in DC the place the Genius and Readability act had been formally signed, a really historic second.
Why This Issues
As EEA’s Govt Director, Redwan Meslem, instructed the duty power, Ethereum doesn’t spend thousands and thousands on billboards. It powers the worldwide crypto financial system. Ethereum is the usual.
The SEC’s place affirms what our group has labored on for years: public Ethereum infrastructure can meet regulatory necessities when paired with the best frameworks and controls. It is a main step in aligning regulated markets with open infrastructure.
The EEA’s Position
For almost a decade, the EEA has been constructing the connective tissue between enterprises, protocols, and regulators. Our members, from banks and custodians to infrastructure suppliers and requirements our bodies, have collaborated on compliance frameworks, technical specs, and real-world pilots.
That groundwork made this second doable. The SEC dialogue didn’t simply highlight Ethereum’s expertise. It additionally highlighted the requirements and frameworks the EEA has superior alongside our ecosystem companions.
What’s Subsequent
The EEA will proceed to steer the bridge-building:
- Convening working teams on tokenization and regulatory frameworks
- Advancing open requirements like ERC-3643
- Creating the platforms for enterprise and coverage alignment
We stay dedicated to making sure that public Ethereum infrastructure scales into the compliant, safe, and open monetary markets of the longer term.
Big thanks to our members and collaborators together with Dennis O’Connell, Taylor Lindman, Paul Salama-Caro, Ben Sherwin, Vivek Raman, Luc Falempin, Adam Minehardt, Karen Ottoni, and lots of extra for pushing this work ahead.
