According to online reports, Hester Peirce, head and member of the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Task Force, said that "tokenizing" stocks and other assets does not change their nature and still needs to comply with federal securities laws. Although Peirce has long supported crypto innovation, she emphasized that relevant market participants must strictly abide by their regulatory obligations. This statement responds to the call of some industry professionals to freely trade stocks and other assets on the blockchain, and reminds that digital assets are also subject to regulatory frameworks.