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0.000414321363543601 0.000372930617934769 0.000372930617934769 0.000372930617934769 0.000372930617934769 0.000372930617934769 0.000372930617934769 0.000372930617934769
Stock impact report

Tokenization firms reject Coinbase's crypto bill equities claims [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Hours after Coinbase CEO Brian Armstrong 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 than Coinbase's. "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. He sees that the push-and-pull around the bill is a "typical and healthy" part of the legislative process. "Market structure legislation of this significance takes time to get right, and what we're seeing now is a bill that is actively taking shape," Domingo said. "We're encouraged by the progress and hope the bill protects developers and innovation while maintaining market integrity." Ga Show less Read more
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