On September 17, the SEC issued a five-year conditional exemption allowing qualifying US platforms to trade tokenized National Market System stocks without registering as traditional exchanges or dealers. Longtime Bitcoin critic Peter Schiff views this announcement as bearish for Bitcoin, arguing that tokenized stocks offer the same borderless transfer benefits and 24/7 trading while providing dividends and voting rights that Bitcoin lacks. Bitcoin was trading at approximately $81,290 on September 19, up about 1.6% on the day. Crypto bulls counter that the SEC’s validation of blockchain infrastructure for regulated securities represents a major milestone for the broader crypto ecosystem.
Source: Read the original article
