The American Bankers Association Opposes Tokenization of Stocks, Urges SEC to Reject Crypto Company's Exemption Request
BlockBeats News, July 3rd, the Securities Industry and Financial Markets Association (SIFMA) sent a letter to the SEC Crypto Assets Working Group, opposing Coinbase, Kraken, and other cryptocurrency companies' applications for exemptive relief to issue tokenized stocks. SIFMA described the related requests as "deeply concerning" and urged the SEC to solicit public input through a transparent process to avoid hasty approvals through opaque means. SIFMA emphasized that such significant policies should not be addressed directly through "no-action" or exemption mechanisms. The association also questioned whether the SEC is capable of regulating unregistered entities and safeguarding investor interests.
You may also like

Lil Pump’s Bold Solana Tattoo Move: Rapper Dumps SOL Tokens After Inking Blockchain Name on Forehead
As of August 14, 2025, the world of crypto and celebrity antics continues to collide in unexpected ways.…

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure
As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

Bitcoin Faces Resistance at $125K, Signaling Potential Consolidation Before Surge to $140K
As of today, August 14, 2025, the cryptocurrency market is buzzing with activity, and Bitcoin is at the…

XRP Price Chart Signals Potential 75% Surge as SEC Concludes Lawsuit Against Ripple
As of today, August 14, 2025, XRP continues to navigate a key legal obstacle with an injunction limiting…

Kalshi Election Betting Contracts Surge After Major Court Victory
The innovative prediction marketplace Kalshi has rolled out over a dozen contracts linked to U.S. political events since…
Gainers
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]