{"id":5697,"date":"2026-01-16T10:33:33","date_gmt":"2026-01-16T10:33:33","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5697"},"modified":"2026-01-16T10:33:33","modified_gmt":"2026-01-16T10:33:33","slug":"tokenisation-leaders-push-back-on-coinbases-claim-that-crypto-bill-bans-tokenised-stocks","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5697","title":{"rendered":"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks"},"content":{"rendered":"

<\/p>\n

\n
\n
\n
    \n
  • Several leaders of asset tokenisation firms have spoken out against Coinbase CEO Brian Armstrong\u2019s claim that the US Senate\u2019s draft market structure bill would impose a \u201cde facto ban on tokenised securities.\u201d<\/span><\/li>\n
  • Tokenisation firms argue the draft bill simply sought to clarify that tokenised securities were subject to the same regulation as regular securities \u2014 a step they believe is helpful.<\/span><\/li>\n
  • Armstrong\u2019s claim formed part of his justification to withdraw Coinbase\u2019s support for the bill, resulting in a postponement of a planned markup session planned for today and casting doubt over the bill\u2019s prospects of passing before this year\u2019s US mid-term elections.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Yesterday, Coinbase withdrew its support for the US Senate\u2019s draft crypto market structure bill citing \u2014 among other things \u2014 that it would lead to a \u201cde facto ban on tokenised securities.\u201d\u00a0<\/p>\n

    Coinbase\u2019s decision to oppose the draft bill led to a postponement of the Senate Banking Committee\u2019s markup session scheduled for today and has cast doubt over whether an amended version of the bill will pass at all before the crucial US mid-term elections due to be held later this year.<\/p>\n

    Now, several leaders at firms on the forefront of securities tokenisation have spoken out against Coinbase\u2019s move, arguing that far from banning the tokenisation of securities, the draft bill simply sought to clarify that they\u2019d be subject to the same kinds of regulation as traditional securities.<\/p>\n

    Speaking to CoinDesk, Carlos Domingo, CEO of Securitize, said that \u201cthe current draft does not kill tokenized equities.\u201d Domingo argued that the bill simply affirmed that tokenised equities, despite being tokenised, remain equities and must follow the same rules. It\u2019s a clarification that he believes is crucial if blockchain tech is to be fully integrated into TradFi.<\/p>\n

    Gabe Otte, co-founder and CEO of asset tokenisation company Dinari, said his firm doesn\u2019t \u201cinterpret the CLARITY draft as a \u2018de facto ban\u2019 on tokenized equities.\u201d\u00a0<\/p>\n

    \n
    \n

    What it does do is reaffirm that tokenized equities remain securities and should operate within existing securities laws and investor protection standards.<\/em><\/p>\n<\/div>\n

    \n Gabe Otte, co-founder and CEO, Dinari <\/div>\n<\/div>\n

    Alexander Zozos, general counsel at the asset management and tokenisation firm Superstate, told CoinDesk that the draft bill wasn\u2019t so much about cracking down on tokenised securities \u2014 which already fall under the purview of the Securities and Exchange Commission \u2014 but about creating clarity around digital assets that currently sit in a regulatory grey area.<\/p>\n

    \u201cThe SEC is already on the case [of regulating tokenised securities],\u201d Zozos said, referring to the regulator\u2019s \u2018Project Crypto\u2019 program led by Chairman Paul Atkins. He added that he believes the SEC \u201cwill continue to provide that clarity even absent further legislative directives.\u201d<\/p>\n

    Zozos argued that the delay in passing the market structure bill caused by Coinbase\u2019s opposition is likely to harm companies working with assets that aren\u2019t classed as securities sitting in a regulatory no man\u2019s land, not those working with tokenised securities.<\/p>\n

    Related<\/strong>: Coinbase Breaks With Senate Crypto Bill as Banking Committee Heads to Showdown<\/p>\n

    Tokenisation Will Continue With or Without Legislation, Says Industry Insider<\/h2>\n

    According to Will Beeson, the CEO of Uniform Labs, tokenisation\u2019s growth is set to continue regardless of the progress of legislation in the US. Beeson said that \u201ceven without immediate legislative resolution, the push toward regulated, liquid tokenized assets continues.\u201d\u00a0<\/p>\n

    \n
    \n

    Institutions care less about headlines and more about whether tokenized securities can be moved, redeemed and reused seamlessly within financial workflows.<\/em><\/p>\n<\/div>\n

    \n Will Beeson, the CEO of Uniform Labs <\/div>\n<\/div>\n

    The continued growth of tokenisation could revolutionise global financial markets, with the potential for virtually all assets to move on-chain, including funds, bonds and real estate in addition to securities and stablecoins.\u00a0<\/p>\n

    Already, the stablecoin market cap is over US$300 billion (AU$447b), and according to Bitwise CIO Matt Hougan, we could see as much as 1-5% of the US$257 trillion (AU$383t) US stock and bond markets tokenised in the \u201cshort term\u201d, dwarfing the market cap of any other digital assets, including Bitcoin.\u00a0<\/p>\n

    Related<\/strong>: Tokenisation\u2019s Reality Check: Do Stocks Matter More Than Crypto?<\/p>\n

    In the long term \u2014 maybe 10 to 20 years \u2014 Hougan believes we\u2019ll likely see the entirety of the US stock and bond markets fully tokenised, along with most other asset classes.<\/p>\n

    Given the potentially revolutionary impact of tokenisation, it\u2019s not surprising we\u2019ve seen TradFi giants including BlackRock, Franklin Templeton, Fidelity and others either launch or back tokenised funds.<\/p>\n<\/p><\/div>\n

    Coinbase,Law,Tokenisation#Tokenisation #Leaders #Push #Coinbases #Claim #Crypto #Bill #Bans #Tokenised #Stocks1768559613<\/p>\n","protected":false},"excerpt":{"rendered":"

    Several leaders of asset tokenisation firms have spoken out against Coinbase CEO Brian Armstrong\u2019s claim that the US Senate\u2019s draft market structure bill would impose a \u201cde facto ban on tokenised securities.\u201d Tokenisation firms argue the draft bill simply sought to clarify that tokenised securities were subject to the same regulation as regular securities \u2014<\/p>\n","protected":false},"author":1,"featured_media":5698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1342,749,1341,1340,62,1339,890,991,1338,488],"class_list":["post-5697","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bans","tag-bill","tag-claim","tag-coinbases","tag-crypto","tag-leaders","tag-push","tag-stocks","tag-tokenisation","tag-tokenised"],"yoast_head":"\nTokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5697\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks\" \/>\n<meta property=\"og:description\" content=\"Several leaders of asset tokenisation firms have spoken out against Coinbase CEO Brian Armstrong\u2019s claim that the US Senate\u2019s draft market structure bill would impose a \u201cde facto ban on tokenised securities.\u201d Tokenisation firms argue the draft bill simply sought to clarify that tokenised securities were subject to the same regulation as regular securities \u2014\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5697\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-16T10:33:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.cryptonews.com.au\/2026\/01\/16164805\/Gabe-Otte-co-founder-and-CEO-Dinari.jpg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5697\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5697\",\"name\":\"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5697#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5697#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/tokenization.jpeg\",\"datePublished\":\"2026-01-16T10:33:33+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5697#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=5697\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5697#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/tokenization.jpeg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/tokenization.jpeg\",\"width\":1920,\"height\":1072},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5697#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks - Crypto News: Latest Cryptocurrency News and Analysis","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=5697","og_locale":"en_US","og_type":"article","og_title":"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks","og_description":"Several leaders of asset tokenisation firms have spoken out against Coinbase CEO Brian Armstrong\u2019s claim that the US Senate\u2019s draft market structure bill would impose a \u201cde facto ban on tokenised securities.\u201d Tokenisation firms argue the draft bill simply sought to clarify that tokenised securities were subject to the same regulation as regular securities \u2014","og_url":"https:\/\/cryptonews.uk.com\/?p=5697","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-01-16T10:33:33+00:00","og_image":[{"url":"https:\/\/cdn.cryptonews.com.au\/2026\/01\/16164805\/Gabe-Otte-co-founder-and-CEO-Dinari.jpg","type":"","width":"","height":""}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=5697","url":"https:\/\/cryptonews.uk.com\/?p=5697","name":"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=5697#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=5697#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/tokenization.jpeg","datePublished":"2026-01-16T10:33:33+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=5697#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=5697"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=5697#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/tokenization.jpeg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/tokenization.jpeg","width":1920,"height":1072},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=5697#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Tokenisation Leaders Push Back on Coinbase\u2019s Claim That Crypto Bill \u201cBans\u201d Tokenised Stocks"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/5697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5697"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/5697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/5698"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}