Stock Exchanges Urge SEC to Rein in Crypto 'Tokenized Stocks'

Stock exchanges urge SEC to halt special treatment for crypto firms offering tokenized stocks. The World Federation of Exchanges, including the New York Stock Exchange, argue that these firms shouldnt bypass crucial rules. They express concern over the proliferation of tokenized U.S. stocks, often marketed as real stocks, and the potential risks to investors. The SEC is considering a sandbox program for crypto platforms, allowing temporary rule exemptions for testing new products. This comes as the SEC explores new frameworks, potentially introducing innovation exemptions later this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.