Internet reported that SEC official Hester Peirce said on Wednesday that putting digital versions of stocks on blockchain does not mean companies can circumvent U.S. securities laws. "As powerful as blockchain technology is, it does not have the magical ability to change the nature of the underlying asset," Pierce said. "Tokenized securities are still securities." Companies including Coinbase, Kraken and Robinhood are considering letting customers trade tokens representing stocks on blockchain, some of which will be listed overseas. Pierce's remarks are noteworthy because she is chairman of the agency's cryptocurrency task force and opposes regulations that hinder the growth of the crypto industry. Pierce said companies considering tokenization products should discuss with the SEC, which is "prepared to develop appropriate exemptions and modernization rules." (Jin Shi)