ONDO Token Gains as SEC Ends Investigation Into RWA Tokenization Platform
The SEC concluded its 2024 investigation into Ondo Finance without charges, boosting the ONDO token and signaling regulatory clarity for RWA tokenization.Summary
Ondo Finance announced that the U.S. Securities and Exchange Commission (SEC) has closed its confidential investigation, which began in 2024 under former Chairman Gary Gensler, without filing any charges. The probe focused on whether Ondo's tokenization of real-world assets complied with securities laws and whether the ONDO token itself constituted a security. Following this news, the ONDO token price increased by nearly 6% over 24 hours. Ondo stated that the closure of the investigation removes a significant overhang, clearing the path for the tokenization of securities. This development occurs amid a perceived easing of regulatory pressure on digital assets since Donald Trump's return to the White House, with the new SEC Chairman, Paul Atkins, expressing optimism about tokenization's potential to transform capital markets.
(Source：CoinDesk)