Crypto LVL

➡️ Ripple hires LME treasury chief for tokenization push 🌐 Ripple has hired London Metal Exchange treasury executive Joseph Thompson for its trading and markets team, according to an Aug. 28 report. Thompson will leave the LME on Aug. 31 after nearly a decade at the exchange. His work at Ripple will focus on tokenization strategy and delivery. Ripple has not disclosed his exact title, starting date or reporting structure. 🔗 Earlier LME documents identified Thompson as head of investment and liquidity and collateral risk management. Those responsibilities included areas relevant to clearing operations, such as liquidity, eligible collateral and financial risk. Before joining the LME, Thompson held liquidity management and funding responsibilities within Deutsche Bank’s group treasury division. He also worked in liquidity risk at ICAP and in collateral and liquidity management risk at London Clearing House. 📊 Moreover, Thompson has more than 15 years of financial-services experience and holds certification from the Association of Corporate Treasurers. His background gives Ripple experience spanning exchanges, clearing, collateral and institutional liquidity.

🔔 Securitize says SEC pulled crypto exemption ahead of CLARITY Act vote ⭐️ The U.S. Securities and Exchange Commission has held back its planned crypto innovation exemption ahead of a Sept. 15 Senate vote on the CLARITY Act, with Securitize President Brett Redfearn expecting the rule to return as early as October. ➡️ Securitize President Brett Redfearn said the SEC pulled back the exemption last Friday because of concerns surrounding the progress of the Digital Asset Market Clarity Act, placing the regulator’s tokenization plan behind the next major congressional vote on crypto market structure. 🔖 Redfearn expects the SEC to introduce the rule after the Senate votes on Sept. 15, with early October emerging as a possible timeframe. His comments provide a more specific timeline for an initiative that has already faced delays as regulators and lawmakers work on separate rules covering digital assets and tokenized securities. 📊 SEC Chair Paul Atkins introduced the initiative in April as part of his regulatory program for digital assets. The framework would allow tokenized securities to operate on-chain under modified rules while keeping such products within the SEC’s securities oversight.