SEC’s stock trading plan may create investor issues
The Securities and Exchange Commission has a plan to trade stocks on the blockchain, similar to crypto.
This plan could allow stocks to be tokenized without a company’s consent and traded 24/7.
Investor Michael Burry and trading firm Citadel Securities have expressed opposition to the plan, citing potential fragmentation issues.
Tokenized stocks may not carry the same privileges as traditional stocks, such as voting rights and dividends.