Clarity Act ‘not a gatekeeper’ for crypto innovation, WisdomTree exec says

WisdomTree, an asset manager, does not believe the proposed Clarity Act is necessary for continued innovation in the crypto space. Will Peck, the firm’s head of digital assets, stated that the SEC already possesses the tools to foster growth in tokenized security and fund markets. WisdomTree has been actively building in crypto and tokenization for years, offering products like a spot bitcoin ETF and tokenized money market funds. They have even secured SEC relief for continuous trading of their tokenized money market fund, enabling instant settlement. The company aims to expand into other tokenized instruments, bringing regulated investment products on-chain and allowing direct access from digital wallets. Peck also noted that recent crypto price volatility has not impacted their progress, and while the Clarity Act would be constructive, it isn't the primary driver of their advancements. The firm is focused on utilizing existing regulatory pathways to move forward.

(Source：CoinDesk)