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Tokenization firms reject stalled crypto bill equities claims
Source: CryptoNewsNet Original Title: Tokenization firms reject Coinbase’s crypto bill equities claims Original Link: https://cryptonews.net/news/legal/32285198/ A stalled crypto market structure bill and a high-profile pullback from a certain compliance platform (COIN) aren’t slowing momentum for firms building around tokenized securities.
Hours after the CEO said the latest draft of the bill would amount to a “de facto ban” on tokenized equity offerings, the Senate Banking Committee canceled a scheduled markup session. A new date has yet to be scheduled.
But key representatives in the tokenization sector see a different picture.
“The current draft does not kill tokenized equities,” Carlos Domingo, CEO of Securitize told CoinDesk. It simply clarifies, he argued, that they’re still securities and must follow existing rules, a key step toward integrating blockchain into traditional markets.