Odaily Planet News: Previously, Coinbase withdrew its support for the crypto market structure bill (CLARITY Act), calling it a "de facto ban" on tokenized stocks. However, tokenization companies stated that the bill confirms regulated digital securities rather than banning them.
Carlos Domingo, CEO of Securitize, said, "The current draft does not kill tokenized stocks." He believes that the draft merely clarifies that tokenized stocks remain securities and must comply with existing regulations, marking a key step in integrating blockchain into traditional markets.
Dinari CEO Gabe Otte also disagrees with Coinbase's position. He said, "We don't believe the CLARITY draft is a 'de facto ban' on tokenized stocks."
Asset management and tokenization company Superstate, led by Compound founder Robert Leshner, has also expressed similar views. Its general counsel, Alexander Zozos, stated that the true value of the bill lies in helping to resolve the gray areas surrounding crypto assets (those that do not clearly fall under the category of securities), rather than regulating tokenized stocks or bonds, which fall under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). (CoinDesk)