Cryptocurrency Exchange Coinbase is reportedly looking for a green light from U.S. financial regulators to provide tokenized stock trading to users.
According to a Reuters report on Tuesday, Coinbase’s chief legal officer Paul Grewal, explain The company is seeking Securities and Exchange Commission (SEC) approval to provide “token stocks” and may compete with other trading platforms, such as Robinhood. Greval reportedly said the plan was a “focus” for Coinbase.
As of June, stocks that are not available in the United States (such as stocks). However, digital asset companies in the U.S. have been able to provide similar services to non-residents through partnerships. Crypto Exchange Kraken Announced a plan Token U.S. stock trading was launched in May.
Since the Trump administration took over in January, Coinbase and other U.S. crypto companies appear to be dealing with a more friendly political, legal and regulatory environment. February, SEC Leave law enforcement action Proposed against Coinbase in 2023. Related: Fairmint calls for a blockchain framework for private markets in SEC proposal If the SEC approves Coinbase’s plan to provide token stocks, a “no conduct letter” may be issued to indicate that it has no intention of bringing enforcement actions against the company. Greval reportedly did not indicate whether the exchange had submitted a request to the SEC regarding the matter. https://www.youtube.com/watch?v=zad4fima-oq The report as Coinbase is Promising to obtain a license Operate under its market under cryptoassets (MICA) regulations in the EU. A group of cybercriminals also reportedly faced extreme scrutiny after a group of cybercrimes Bribery of some Coinbase support agents Outside the United States, user data can be accessed, resulting in many phishing attempts. Coinbase Stock (Coin) shares traded at $252.20 at the time of publication, down about 3.6% in the past 24 hours. company Join the S&P 500 Index In May, it made it the first American cryptocurrency company to do so. Magazine: Tradfi is building Ethereum L2s to be in RWAS: Inside Story Tokenize DimineResonance in global news
