Odaily Planet Daily News: The U.S. Securities and Exchange Commission is developing a plan to enable stocks to be traded on blockchain technology similar to cryptocurrencies. This move is a key point in the Trump administration's regulatory agenda to support cryptocurrencies. In the future, investors may be allowed to purchase tokens representing shares of companies such as Tesla and Nvidia on cryptocurrency exchanges. Currently, SEC staff are discussing the proposal with industry representatives. Companies including Coinbase (COIN.O) and Robinhood (HOOD.O) are actively pushing regulators to approve it as soon as possible to conduct stock trading on blockchain platforms. However, the plan has encountered strong opposition from traditional financial institutions, which have established profit models within the existing market structure. (Jinshi)
