Asset manager WisdomTree does not view the pending U.S. Clarity Act as a necessary precondition for its digital asset innovation, arguing it can proceed under existing Securities and Exchange Commission rules.
"I don’t [think] it would inhibit anything that we’re trying to do," Will Peck, the firm’s head of digital assets, said in a statement on March 31. "We don’t view it as a gatekeeper."
WisdomTree's position is that the SEC already possesses the necessary tools to foster robust markets for tokenized securities and funds. The firm has been an early mover in the space, offering a spot bitcoin ETF in the U.S. and focusing heavily on tokenizing real-world assets like money market funds. The company recently received SEC relief allowing one of its funds to trade continuously, achieving what Peck called the "holy grail of… instant settlement."
This stance highlights a key division in the crypto industry, where many participants advocate for new legislation like the Clarity Act to provide legal certainty. In contrast, Cardano founder Charles Hoskinson recently warned the act could be "weaponized" by future administrations. WisdomTree’s approach suggests that at least some established financial players are choosing to build within the existing regulatory pathways rather than wait for a new comprehensive framework from Congress.
This article is for informational purposes only and does not constitute investment advice.
