The SEC is about to Unlock Massive Tokenization Innovation! | Ashley Ebersole

July 9, 2026

AI Summary

5 min read

In 2017, Ashley Ebersole was part of the SEC working group that produced the DAO Report, establishing that the SEC has jurisdiction over crypto assets if they are securities, regardless of the underlying technology. Now, as co-founder and chief legal officer of TX, she is building the connective tissue for a tokenized asset marketplace — a platform that connects regulated entities globally so investors can find and trade tokenized assets. The conversation traces the SEC's journey from early engagement to outright hostility under Chair Gensler, and now back toward rulemaking under Chair Atkins, and what that means for the future of tokenization.

The SEC's Lost Years and the Return to Rulemaking

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What you'll learn

1 (04:04) **Guest Background & SEC Tenure** - Ashley Ebersole introduces her background as a DC native, law clerk, and former senior counsel at the SEC for nearly five years.
2 (09:24) **Why She Left Law Firms to Build in Crypto** - Ashley explains her "aha moment" and transition from SEC to startup founder.
3 (11:19) **The Howey Test & Crypto: Does It Need to Change?** - Ashley explains why the Howey Test is principles-based and still applies, but criticizes the SEC's overreach under Gensler.
4 (15:21) **What is TX? The "Amazon Marketplace" for Tokenized Assets** - Ashley defines TX as a platform connecting regulated entities globally for tokenization.
5 (18:45) **Who Uses TX & What Assets Are Being Tokenized?** - Details on the types of institutions and assets on the platform.
6 (27:05) **TX Chain & Smart Tokens: Solving Compliance Natively** - Ashley explains the technical infrastructure and its regulatory advantages.
7 (29:07) **SEC's Innovation Exemption & Tokenization Rules** - Ashley discusses the current state of SEC rulemaking and the "innovation exemption."

+ Full timestamped outline available in the app

Show Notes

Ashley Ebersole, Co-Founder and Chief Legal Officer of tx, and former Senior Counsel at the SEC, joined me to discuss tx's tokenization solutions and the SEC's upcoming tokenization guidance. Topics:
- tx tokenization platform and marketplace
- TradFi tokenization race
- SEC tokenization and crypto guidance
- Future of markets
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⏰ Time Stamps ⏰
00:00 Intro
03:38 Ashley's background
04:24 Working at the SEC
08:37 Working in Crypto
10:32 Howey Test and Crypto
57:31 Wrap up questions
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#Tokenization #SEC #Crypto #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #Ripple #XRP #XRPNews #Ethereum #EthereumNews #ETH #Solana #Solananews #money #investing #trading #Altcoin #Altcoins #Stablecoin #Podcast #ThinkingCrypto #news =================================================
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