Brian Armstrong said in a post on X that he welcomes progress by Paul S. Atkins and the U.S. Securities and Exchange Commission on token classification, calling it a long-awaited step toward modernizing the financial system. Armstrong said he has pushed for clear crypto rules for years and argued that token classification is a measure the United States needs to preserve innovation. He also said he is looking for the SEC to release an Innovation Exemption to support on-chain trading of tokenized stocks. Armstrong added that momentum is building and said the CLARITY Act should be advanced as quickly as possible so markets can move on-chain before other regions get there first.
Brian Armstrong said in a post on X that he welcomes progress by Paul S. Atkins and the U.S. Securities and Exchange Commission on token classification, calling it a long-awaited step toward modernizing the financial system.
Armstrong said he has spent years calling for clear cryptocurrency rules and argued that token classification is one of the measures the United States needs to maintain innovation.
He also said he wants the SEC to release an Innovation Exemption to help enable on-chain trading of tokenized stocks. Armstrong added that movement on the issue is already underway and said the CLARITY Act should be pushed through quickly so markets can move on-chain before other regions do.
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