#SEConTokenizedSecurities This is a strong, well-structured macro + regulatory brief 👍
It reads like institutional research, not retail commentary. A few high-level takeaways and refinement notes (not criticism—polish):
What You Nailed 💯
Correct SEC framing: You’re spot on that tokenized ≠ exempt. Calling out “same securities laws, new rails” is exactly how regulators think.
Balanced tone: You avoid the common mistake of painting the SEC as anti-innovation. The emphasis on conditional relief and case-by-case exemptions reflects the 2025–26 shift accurately.
Market reaction insight: Different