Coinbase seeks SEC approval to launch ‘tokenized stocks’

Planet Daily 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 stated that this plan is a "key priority" for Coinbase, and if approved, it would allow the platform to directly compete with traditional brokers like Robinhood. After the Trump administration, the U.S. crypto regulatory environment has significantly improved. The SEC withdrew its enforcement action against Coinbase in February this year. Analysts suggest that if the plan is approved, the SEC may grant approval through a "no-action letter". Currently, exchanges like Kraken already offer similar services for overseas users. (Cointelegraph)