Odaily News Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a "tokenized stock" trading service. The company's chief legal officer Paul Grewal said the plan is a "key priority" for Coinbase, and if approved, it will allow the platform to compete directly with traditional brokerages such as Robinhood.
After the Trump administration took office, the US crypto regulatory environment has improved significantly. In February this year, the SEC withdrew its 2023 enforcement action against Coinbase. Analysis shows that if the plan is approved, the SEC may release it through a "no action letter". Currently, exchanges such as Kraken have provided similar services to overseas users. (Cointelegraph)