WFE calls on regulators to take action against tokenized stocks

Regulatory Concerns: Global stock exchanges are urging regulators to increase oversight on tokenized stocks, citing risks to investors and the misleading nature of these blockchain-based products.

WFE's Warning: The World Federation of Exchanges (WFE) expressed alarm over brokers and platforms offering tokenized U.S. stocks, emphasizing that they do not provide the same rights or protections as traditional equities.

Crypto Market Developments: SEC Commissioner Hester Peirce reiterated that tokenized securities are still subject to existing laws, while Coinbase and Robinhood are expanding their offerings in this area, aiming to attract new users.

Market Trends: The return of Donald Trump has positively impacted the crypto market, with Bitcoin and Ethereum reaching new all-time highs, while Coinbase plans to enhance its trading platform to include a wider range of assets.