SEC must not let crypto companies 'bypass' rules, stock exchanges say

By Elizabeth Howcroft and Hannah Lang (Reuters) -The Securities and Exchange Commission's possible plan to grant crypto companies relief from regulation to sell "tokenised" stocks risks harming investors, a group ​of stock exchanges said in a letter to the U.S. regulator this week. Several crypto companies plan to sell ‌crypto tokens linked to listed equities to retail investors who want to get exposure to stocks without owning them directly. But to sell the products in ‌the U.S., crypto companies which ...