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Wednesday

28 July 2021

SEC Chairman Hints at More Lawsuits Against Stock Token Issuers - Decrypt

SEC Chairman Hints at More Lawsuits Against Stock Token Issuers - Decrypt


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The SEC chairman was referring to the trading of so-called "stock tokens"—that is, cryptocurrencies that function as synthetic representations of a traditional stock, such as Apple or Tesla.

Some of the biggest cryptocurrency exchanges in the world offer stock tokens to their customers.

Binance, the largest exchange in the world by trading volume, announced just five days ago that it would stop offering stock tokens globally.Clearly, some of the biggest players in the space can see which way the regulatory wind is blowing.

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