Crypto Legislation Debate Intensifies: Tokenization Firms Dispute Coinbase's 'Effective Ban' Claim

Crypto Legislation Sparks Industry Debate

Recently, the draft of the U.S. crypto market structure bill has sparked widespread controversy. Coinbase CEO Brian Armstrong stated that the bill would effectively ban tokenized stock issuance, leading to the company's decision to withdraw support.

Tokenization Firms Hold Different Views

However, tokenization firms disagree. They argue the bill actually confirms the regulated status of digital securities, marking a significant step toward integrating blockchain technology into traditional markets.

• Securitize CEO Carlos Domingo noted the draft simply clarifies that tokenized stocks remain securities and must follow existing regulations.
• Dinari CEO Gabe Otte and Superstate legal advisor Alexander Zozos shared similar perspectives.
• Will Beeson of Uniform Labs pointed out that even if legislative progress slows, the push for tokenized assets continues.

  Outlook for the Industry

  The industry anticipates that tokenized real assets could reach trillions of dollars in the next decade, drawing interest from Wall Street giants like BlackRock, Franklin Templeton, and Fidelity. Zozos of Superstate emphasized that while legislation may affect the pace of rollout, it cannot change the trend direction.