The US crypto industry is facing a major turning point with the help of the White House, according to Chief Operating Officer Michael Sonnenshain.
Speaking in an interview with Bloomberg TV, the former Grayscale CEO discussed obvious changes in how the White House treats the crypto industry. In particular, the Biden administration’s tone is defined by enforcement measures, showing the Trump administration’s willingness to cooperate on innovation.
“It’s really lunch and lunch,” Sonnenshain said. “Cryptocurrency still operated under a regulatory system of enforcement. The lawsuit is now being dropped, the White House has a head of crypto, and the SEC has a task force that actively meets businesses.”
The background to this new regulation lays the foundation for the rapid rise of tokenized real-world assets, he said. Securitize, which operates the largest tokenization platform to date, has already brought $2.5 billion worth of assets (from the Treasury Department to public stakes) from public blockchains such as Ethereum and Polygon.
Sonnenshein emphasized that tokenization is not just about blockchain hype, but also about improving the investor experience by providing daily dividends, immediate liquidity and 24/7 access. All of these are unique benefits that are not available to investors in “traditional financial products,” he said.
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He pointed out his partnership with BlackRock at the Buidl Tokenized Treasury Fund as a prime example, noting his ability to provide real-time reimbursement and use at Defi Ecosystems.
As the tokenized Treasury and stocks expand, Sonnenshein expects momentum to continue throughout the year.
He said securitization is seeing growth rates above 500% in the tokenized Treasury alone, winning recent milestones like the tokenized company Exodus.
Looking forward to the SEC leadership transition, Sonnenshein emphasized the importance of ongoing dialogue.
“When it comes to expanding access to RWA or revisiting the definition of accredited investors, collaboration with that regulator is essential,” he said.
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