The SIFMA organization has urged the U.S. Securities and Exchange Commission (SEC) to reject closed-door exemptions that allow tokenized equity launches without public input.
SIFMA's Appeal to SEC
SIFMA emphasizes that decisions regarding the launch of tokenized stocks should go through a transparent process. They warn that approving new trading models without industry consultations poses serious risks.
Concerns about Tokenized Stocks
Recent reports indicate that some crypto firms, including major exchanges, are seeking to launch tokenized versions of stocks using SEC no-action relief, raising important questions around regulation and investor protection.
Conflict between Traditional and Digital Finance
SIFMA highlights the necessity of a public framework to ensure accountability and market integrity, indicating rising tensions between traditional financial institutions and emerging digital strategies.
SIFMA calls for a more open approach to regulating tokenized stocks, emphasizing the importance of protecting investors and maintaining market integrity.
