SEC tokenized stock plan raises exchange revenue fears
Tokenized stocks could split liquidity and exchange revenue as SEC weighs a new exemption, Tiger Research says, with RWA demand rising fast.
Cointelegraph·
Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo.
Read full articleTokenized stocks could split liquidity and exchange revenue as SEC weighs a new exemption, Tiger Research says, with RWA demand rising fast.
Galaxy and BitGo face off in court over failed $1.2B merger as Novogratz disputes a $100M termination fee and SEC accounting rules at trial.
U.S. Securities and Exchange Commission Commissioner Hester Peirce has pushed back against expectations that the agency could soon open the door to unrestricted tokenized stock trading through a proposed “innovation exemption.” According to comments Peirce posted on X on Thursday,…
An executive at tokenization platforms Superstate said the stricter approach suggested by Hester Peirce would enable DeFi to expand without compromising rules in traditional capital markets.
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Harvard exited its $87M Ethereum ETF stake in Q1 and cut Bitcoin ETF holdings, SEC filings show, as ETH faces market and EF pressure in May.
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Hester Peirce pushes back against "hyperbole" surrounding a contemplated SEC innovation exemption for tokenized NMS stock, emphasizing it would cover only digital representations of existing equities, not synthetic assets.