WisdomTree Exec Downplays Clarity Act as Prerequisite for Crypto Innovation
WisdomTree: Existing SEC Rules Enough for Tokenization, Clarity Act Not Necessary
Will Peck, head of digital assets at WisdomTree, says the crypto industry doesn't need the Clarity Act to move forward. The bill currently being debated in Congress isn't a must-have for digital asset innovation, in his view.
He thinks the SEC already has the tools it needs to foster a high-quality tokenized market. Peck pointed out that WisdomTree already secured SEC approval for continuous trading of its tokenized money market fund. That lets institutional investors swap between dollars, stablecoins, and the fund at any time—no waiting around for end-of-day processing.
Despite recent crypto market turbulence, Peck said the firm's business hasn't been impacted. WisdomTree plans to keep bringing more regulated investment products onto the blockchain.
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