WisdomTree Pushes Crypto Innovation Without Waiting for Clarity Act
Key Takeaways
- Clarity Act not essential for WisdomTree's digital-asset innovation.
- WisdomTree maintains crypto-innovation strategy amid Congressional Clarity Act debates.
- Regulatory debates in Congress persist while WisdomTree pushes ahead with plans.
Innovation Without Legislation
WisdomTree does not see the Clarity Act as a gatekeeper for innovation.
“Clarity Act ‘not a gatekeeper’ for crypto innovation, WisdomTree exec says The asset manager says innovation can proceed under current SEC rules as the Clarity Act faces debate in Congress”
Peck argued existing SEC tools are sufficient to support tokenized securities and funds.
The Clarity Act aims to establish clearer jurisdiction between the SEC and CFTC.
Spot Bitcoin ETF and Tokenized Funds
WisdomTree is building a spot bitcoin ETF and tokenized money market funds.
The tokenized money market fund has found good product market fit.
The fund secured SEC relief to allow continuous trading and instant settlement.
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