Solana lobbying group unites eco-projects to submit regulatory framework to the SEC to promote "securities tokenization"

On June 18, the Solana Policy Institute (SPI), a new lobby organization in Washington, D.C., is aggressively pushing U.S. regulators to keep pace with the crypto era. The agency issued a statement on Wednesday detailing a roadmap on how to comply with the “tokenization of securities.” On the same day, SPI, together with industry-leading projects Phantom (wallet developer), Superstate (RWA protocol), and Orca (DEX), submitted a series of legal framework proposals to the SEC Crypto Working Group through a joint letter. This “concerted industry action” builds on SPI’s previously proposed “Open Plan” regulatory framework, which aims to revolutionize the capital markets through the tokenization of securities. SPI emphasises that blockchain technology can create a “more efficient, transparent and inclusive capital market” while protecting the rights and interests of investors.