Multiple Tokenization Companies Refute Coinbase's Opposition to the CLARITY Act

Odaily Previously, Coinbase withdrew its support for the Crypto Market Structure Bill (the CLARITY Act), calling it a "de facto ban" on tokenized stocks. However, tokenization companies state that the bill confirms regulated digital securities rather than banning them.

Carlos Domingo, CEO of Securitize, said: "The current draft does not kill tokenized stocks." He believes the draft simply clarifies that tokenized stocks remain securities and must comply with existing rules, which is a key step in integrating blockchain into traditional markets.

Gabe Otte, CEO of Dinari, also disagrees with Coinbase's stance. He said: "We do not view the CLARITY draft as a 'de facto ban' on tokenized stocks."

Superstate, an asset management and tokenization company led by Compound founder Robert Leshner, expressed a similar view. Its General Counsel, Alexander Zozos, stated that the true value of the bill lies in helping to resolve the gray area of crypto assets (those not clearly falling under the securities category), rather than regulating tokenized stocks or bonds. The latter falls under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). (CoinDesk)