SIFMA Pushes Back on Crypto Plans for Tokenized Stocks

Cryptos: 21,330
Exchanges: 1,863
Market Cap: $3.69T 3.46%
24h Vol: $693,255,797,486 17.48%
Dominance: BTC: 63.3% ETH: 9.9%
Gas: 3 GWEI

Connect

Crypto News Regulation

SIFMA Pushes Back on Crypto Plans for Tokenized Stocks

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 03, 2025

Key Takeaways

SIFMA urged the SEC to reject crypto firms’ bids to issue tokenized stocks under relaxed rules;
The group warned that quick exemptions could undermine investor protections and market fairness;
SIFMA said major changes should go through the full rule-making process with public input.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

SIFMA Pushes Back on Crypto Plans for Tokenized Stocks

BITDEGREE IN YOUR SOCIAL FEED

The Securities Industry and Financial Markets Association (SIFMA), which represents traditional banks, brokers, and securities issuers, has asked the US Securities and Exchange Commission (SEC) to decline requests from crypto firms looking to issue tokenized stocks under relaxed rules.

In a letter sent on June 30 to the SEC’s Crypto Task Force, SIFMA voiced concerns about companies seeking quick no-action letters or exemptions to offer blockchain-based shares.

SIFMA argued that these requests, if approved, would let firms sell stocks "outside of the regulatory structure" that provides important protections for investors.

What is a Perpetual Contract in Crypto? (Definition + Example)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The group stressed that an important shift in how stocks are issued and traded should go through the normal rule-making process, which includes public comments.

The letter also pointed out that traditional firms already make an effort to meet disclosure, custody, and governance standards. Allowing crypto firms to skip those steps would be unfair and could leave buyers at risk.

SIFMA added that granting exemptions to multiple platforms could create confusion and inconsistent oversight, as each platform might operate under its own unique terms.

This pushback follows comments from SEC Commissioner Hester Peirce, who leads the agency’s digital assets group. In May, she said the SEC is "considering a potential exemptive order" to make it easier for blockchain systems to issue, trade, and settle stocks.

New York Attorney General Letitia James has recently requested that Congress make changes to two proposed laws focused on stablecoins. What did she say? Read the full story.