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A Battle Over Tokenization Lands at the SEC

Also, bank regulators issue joint statement on crypto custody; trade groups press for FSOC designation changes

Jul 14, 2025
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Sponsored by the Financial Services Forum.

It was only a matter of time until the good feelings and harmony surrounding the SEC’s U-turn on digital assets gave way to more divisive – and self-interested – policy fights. The growing uproar over tokenization seems to have been the breaking point.

On one side are Coinbase and other crypto firms that are aski…

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