Coinspeaker
El Salvadoran Delegates Meet With SEC to Discuss Crypto Pilot Initiatives

Valereum PLC, a publicly traded fintech company, announced that Carmen Elena Ochoa de Medina, Head of VLRM Markets El Salvador, was part of the delegation that met with the US Securities and Exchange Commission (SEC) on 22 April 2025.

Other members of the delegation included a Goldman Sach’s former partner, a Perkin Law Firm’s partner and the President of El Salvador’s Comisión Nacional de Activos Digitales (CNAD).

The discussion focused on identifying joint initiatives, particularly the creation of an international framework to test and regulate digital assets in a controlled environment through a cross-border regulatory sandbox.

The sandbox program, according to reports, would enable trial runs of digital assets under the shared supervision of regulatory authorities from both the United States and El Salvador.

The Sandbox

The sandbox is expected to feature two major pilot programs: real estate tokenization and small business fundraising. For real estate tokenization, an American-certified brokerage firm will collaborate with a tokenization firm in El Salvador to cr...