Tokenization firms reject Coinbase's crypto bill equities claims

Core Viewpoint - The stalled crypto market structure bill and Coinbase's pullback are not hindering the momentum for firms focused on tokenized securities, with industry leaders expressing optimism about the bill's potential impact on the sector [1]. Group 1: Industry Perspectives on the Bill - Carlos Domingo, CEO of Securitize, believes the current draft of the bill does not eliminate tokenized equities but clarifies that they remain securities subject to existing regulations, which is essential for integrating blockchain into traditional markets [2]. - Gabe Otte, co-founder and CEO of Dinari, disagrees with Coinbase's interpretation of the bill as a "de facto ban," asserting that it reaffirms tokenized equities as securities operating under current laws [3][4]. - Alexander Zozos, general counsel of Superstate, emphasizes that the bill's value lies in addressing gray areas for crypto assets that are not clearly defined as securities, rather than regulating tokenized stocks or bonds [5]. Group 2: Regulatory Environment and Future Outlook - Zozos notes that the SEC is already addressing these issues through its "Project Crypto" initiative and will continue to provide clarity even without further legislative action, indicating that the delay primarily affects the clarification of regulatory frameworks for capital-raising projects [6]. - Will Beeson, CEO of Uniform Labs, highlights that the movement towards regulated and liquid tokenized assets persists, even in the absence of immediate legislative resolution [7].