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According to Eleanor Terrett, as the United States Senate approaches a full chamber vote, American bankers are intensifying their lobbying efforts regarding stablecoin revenues. (Cointelegraph)

On June 20, Reuters reported that the U.S. Securities and Exchange Commission (SEC) is preparing to introduce a new policy that would permit cryptocurrency companies to offer blockchain-based tokenized stock trading, which could significantly impact the structure of the traditional stock market. According to SEC Chairman Paul Atkins, companies will be allowed to experiment with new digital asset business models without fully complying with existing disclosure and investor protection rules, including the tokenization of U.S. stocks. However, the proposal has raised concerns among traditional financial institutions, including Castle Securities and SIFMA, who believe that the changes could divert liquidity and create regulatory arbitrage risks. As of now, the SEC has not publicly commented on the matter.

According to Reuters, the U.S. Securities and Exchange Commission (SEC) plans to allow crypto companies to offer stock tokenization trading. SEC Chairman Paul Atkins stated that companies will be permitted to experiment with digital asset business models without being required to fully comply with existing disclosure and investor protection regulations. Castle Securities and SIFMA have expressed concerns, believing that these changes could divert liquidity and pose regulatory arbitrage risks. The U.S. SEC has not yet issued any public comments on this matter.