“Web3: The Global Game of Regulatory Roulette!”
Ha! The Japanese are at it again, trying to make sense of this wild west of Web3. In a letter sent to the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force, the group is begging for a joint effort in digital ownership and the tokenization of real-world assets (RWAs). Because, you know, Japan’s got a thing or two to learn from the U.S. about making sense of this chaos 🤯.
A Proposal Born from Desperation?
The Japanese group is throwing in the towel, acknowledging the progress the U.S. has made through its Crypto Task Force. They’re saying, “Hey, America’s got this! You’re a model for international crypto cooperation! Can we please just copy-paste your regulatory framework and call it a day?” 🤣
Regulatory Innovation: The Holy Grail of Web3?
The proposal is all about promoting consistency in classifying tokenized securities, enhancing regulatory interoperability, and enabling smoother cross-border token trading and custody. Because, let’s be real, who doesn’t want to make it easier to trade and custody tokens across borders? 🤑 It’s all about building a more unified global approach to Web3 regulation, especially as digital assets continue to gain traction internationally. Or, you know, just making it easier for everyone to get rich quick 💸.
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2025-03-26 22:48