Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Nasdaq is anxious: Why does the SEC give encryption platforms a backdoor to launch stock tokens?

robot
Abstract generation in progress

[Coin World] Nasdaq and CME Group, these traditional exchange giants, can no longer sit idle. They have united to challenge the SEC - why can crypto platforms list tokenized US stocks and still receive regulatory exemptions?

The World Federation of Exchanges directly stated: These “stock tokens” do not have the protective mechanisms that traditional securities should have, and investors can easily be misled. Those platforms that have received exemptions do not have to comply with various strict regulations of the exchange; isn't this clearly opening a back door?

The SEC is now considering a “innovation exemption” pilot for digital assets. But here's the problem - if the rules are not unified, the market will be fragmented, how can fair competition be ensured? Traditional exchanges are urging the SEC to tighten the exemptions, only giving the green light to projects that can truly protect investors' rights. In other words, don't let regulatory arbitrage ruin the rules of the entire market.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
FlashLoanKingvip
· 18h ago
Nasdaq is getting anxious; this is a sign that TradFi is scared.
View OriginalReply0
ThatsNotARugPullvip
· 18h ago
The folks at Nasdaq are really anxious, afraid of being eaten up, right?
View OriginalReply0
NoodlesOrTokensvip
· 18h ago
The NASDAQs are getting anxious, afraid of being eaten up.
View OriginalReply0
SmartContractPhobiavip
· 18h ago
What's the rush for Nasdaq? If it can't hold its own ground, it's just passing the buck to the SEC?
View OriginalReply0
BugBountyHuntervip
· 18h ago
It's the same old trap again; only when the Nasdaq folks are in a hurry do they come out and shout.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)