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ARTICLE · 22 JULY 2025

Tokenization Reality Check: Commissioner Peirce's July 2025 Statement

Gesmer Updegrove LLP
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For me and other experts who practice in this space, this was a bit of a "well duh" moment. But given the culminating momentum in the crypto space following the increasingly positive sentiment overall towards...

United StatesTechnology
Braeden Anderson
Braeden Anderson

For me and other experts who practice in this space, this was a bit of a "well duh" moment. But given the culminating momentum in the crypto space following the increasingly positive sentiment overall towards the digital assets industry, the Commission was right to make this clear. In a clear-eyed statement issued July 9, 2025, SEC Commissioner Hester M. Peirce addressed the increasing prevalence of tokenized securities, emphasizing that while the underlying technology may be novel, the applicable laws are not.

"Tokenized securities are still securities."

Commissioner Peirce's remarks underscore that market participants must adhere to existing securities law frameworks, regardless of whether the security is on-chain or off-chain. Key considerations include:

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