ASA Statement on Tokenization and Future of Securities House Hearing

WASHINGTON – The American Securities Association (ASA) today sent a letter to the House Financial Services Committee’s leadership ahead of a hearing on tokenization and the future of securities. In its letter, ASA called on Congress and the Securities and Exchange Commission (SEC) to create a level regulatory playing field for all market participants that embraces digital assets while maintaining necessary investor protections.

“ASA applauds Chairman Hill and the Financial Services Committee for working to ensure that America remains the global leader in capital markets innovation,” said ASA President and CEO Chris Iacovella. “We believe every market participant should operate under a consistent rule set, and that unregulated actors should not be permitted to engage in activities reserved for regulated entities. It’s time for Congress to clarify those fundamental principles of competition.”

To read ASA’s full letter click here.

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The American Securities Association (ASA) represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.