Deep Tide TechFlow news, on July 3, according to Cointelegraph, the Securities Industry and Financial Markets Association (SIFMA) is urging the SEC to reject cryptocurrency companies' requests for exemptions regarding tokenized stocks, arguing that such significant policy changes should go through a formal 'notice and comment procedure.' Meanwhile, exchanges like Coinbase and Kraken are actively seeking to launch tokenized stock trading in the U.S., but Kraken currently only offers this service outside the U.S., Canada, the EU, the UK, and Australia. SEC Commissioner Hester Peirce has stated that the regulatory agency is considering potential exemptions to address the regulatory challenges of blockchain securities trading. Industry insiders point out that traditional financial institutions resist this to protect their market position, as tokenized securities could allow more platforms to offer trading services similar to stocks.

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