Forbes: Trump's leadership in circumventing Basel Accords to develop tokenized securities in the US allows large financial institutions to profit.

PANews reported on March 8th that, according to Forbes, US financial regulators under the Trump administration believe it is unnecessary to comply with the Basel Accords' treatment of crypto assets, and instead should provide a technology-neutral regulatory strategy for tokenized assets. Therefore, they are circumventing the Basel Accords to promote the development of tokenized securities. Currently, the Basel Committee on Banking Supervision has extremely strict standards for crypto asset risk exposure, imposing risk weights as high as 1250% on non-compliant financial institutions. However, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) have adopted an "America First" strategy in their Frequently Asked Questions (FAQs) regarding the capital treatment of tokenized securities, granting tokenized securities the same legal rights as their non-tokenized counterparts. The New York Stock Exchange (NYSE), Goldman Sachs, Nasdaq, DTCC, BlackRock, Bank of New York Mellon, Citigroup, and JPMorgan Chase have all benefited from this, launching pilot projects or platforms for tokenized stocks, funds, and deposits, and may become the "biggest winners" in this field in the future.