[Brazilian Securities Regulator Calls for Market Regulatory Reform Through Mandatory Tokenization and AI Monitoring] According to Crowdfund Insider, Otto Lobo, president of the Brazilian Securities and Exchange Commission (CVM), stated that Brazil's capital market regulatory infrastructure urgently needs a mandatory transformation, fully transitioning to a "tokenized" model supplemented by AI-based monitoring mechanisms. This push for regulatory modernization stems from a ruling by the Brazilian Federal Supreme Court (ADC 7791) and related recommendations from the International Monetary Fund (IMF); under these arrangements, the CVM will be allowed to retain 70% of its regulatory fees.