Tokenization company refutes Coinbase's claims about the impact of crypto legislation on tokenized stocks.

PANews reported on January 16 that, according to CoinDesk, several companies in the tokenization sector have expressed their opposition to Coinbase CEO's statement that the draft U.S. crypto market structure bill would "effectively ban" tokenized stocks.

Following Coinbase's withdrawal of support and the Senate Banking Committee's postponement of its review, Securitize CEO Carlos Domingo stated that the current draft bill does not kill tokenized stocks, but rather clarifies that they still fall under the category of securities and must comply with existing rules. This is a crucial step in integrating blockchain into traditional markets. Dinari co-founder Gabe Otte also stated that the draft bill does not prohibit tokenized stocks, but rather reiterates that they should be placed within the existing securities legal framework. Superstate General Counsel Alexander Zozos pointed out that the real value of the bill lies in clarifying the regulatory attribution of crypto assets with unclear natures, while the SEC is already advancing relevant regulations for tokenized stocks or bonds. Uniform Labs CEO Will Beeson believes that even with delays in the legislative process, the trend towards regulated, highly liquid tokenized assets will continue.