The American Bankers Association Opposes Tokenization of Stocks, Urges SEC to Reject Crypto Company's Exemption Request
By: theblockbeats.news|2025/07/03 03:07:56
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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.
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