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SEC Developing Plan to Potentially Allow Stock Trading on Blockchain
Summary: According to sources, the U.S. Securities and Exchange Commission (SEC) is developing a plan to allow stocks to be traded on blockchain similar to cryptocurrencies, but facing strong opposition from traditional financial firms like Citadel Securities. SEC staff are in discussions with industry representatives on the plan, which is a key task in the Trump ...
According to sources, the U.S. Securities and Exchange Commission (SEC) is developing a plan to allow stocks to be traded on blockchain similar to cryptocurrencies, but facing strong opposition from traditional financial firms like Citadel Securities. SEC staff are in discussions with industry representatives on the plan, which is a key task in the Trump administration's push for crypto-friendly regulation. If approved, investors will be able to purchase tokenized stocks. (The Information)
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