Wall Street vs. Crypto: Exchanges Clash with SEC Over Tokenized Stock Rules
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A battle is brewing over the future of tokenized assets.
Traditional financial powerhouses, including Nasdaq, are challenging the SEC‘s consideration of regulatory relief for crypto companies.
Through their industry group, the WFE, they have issued a stark warning that granting no-action letters or exemptions to unregistered crypto firms would create a two-tiered system, allowing them to sidestep the broker-dealer rules that safeguard the traditional stock market.
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