Former House Finance Chair Urges Open Competition for Tokenized Securities

Patrick McHenry, vice chairman at Ondo Finance and former Chairman of the House Financial Services Committee, has argued that the tokenized securities market needs open competition rather than regulatory gatekeeping. Writing for CoinDesk, McHenry contends that innovation in financial markets depends on giving investors a range of choices. He warns that Washington risks stifling progress if regulators attempt to pick winners before the market has had time to determine what works. His comments come as policymakers increasingly scrutinize the growing intersection of blockchain technology and traditional securities.