Jamie Selway, Director of the SEC's Division of Trading and Markets, stated that the SEC is developing a framework for the listing and trading of tokenized securities, guided by the principle of 'Innovation Without Arbitrage.' Meanwhile, the SEC and CFTC are jointly reviewing issues related to the coordination of rules on swap and security-based swap data reporting, portfolio margining, and product definitions, as well as evaluating new products, including perpetual contracts. During the regulatory coordination process, it’s crucial to avoid conflating investment with gambling and to prevent offering excessive leverage to retail investors. https://(wublock123.com)/news/sec-cftc-joint-tokenized-securities-regulatory-framework-62286