El Salvador Delegation Engages SEC on Digital Asset Regulatory Sandbox
Valereum PLC announced that Carmen Elena Ochoa de Medina met with the US SEC on April 22, 2025. The delegation included a former Goldman Sachs partner, a Perkin Law Firm partner, and the President of El Salvador's Comisión Nacional de Activos Digitales (CNAD).
The meeting focused on developing an international framework for testing and regulating digital assets via a cross-border regulatory sandbox. This program would allow trial runs of digital assets under the supervision of both U.S. and El Salvadoran regulators.
The Sandbox
- Two pilot programs are planned: real estate tokenization and small business fundraising.
- An American-certified brokerage will partner with a Salvadoran firm for property-backed digital asset projects.
- A Salvadoran small business will issue tokenized shares to secure funding with American broker-dealers.
If approved, the sandbox project aims to provide data for the SEC to assess custody solutions and token classification, potentially avoiding traditional securities classification.
Carmen Elena Ochoa de Medina stated her organization is committed to transforming the digital asset ecosystem and enhancing global adoption of tokenization.
SEC Chair Paul Atkins, sworn in on April 21, 2025, emphasized the need for a coherent regulatory approach to digital assets, aiming to ensure the U.S. remains a secure investment environment.