Multiple tokenization companies rebut Coinbase's opposition to the CLARITY Act

Previously, Coinbase withdrew its support for the Crypto Market Structure Bill (CLARITY Bill), calling it a "de facto ban" on tokenized stocks. However, tokenized companies argue that the bill affirms regulated digital securities rather than prohibiting them.

Securitize CEO Carlos Domingo stated, "The current draft does not kill tokenized stocks." He believes that the draft merely clarifies that tokenized stocks are still securities and must comply with existing rules, which is a key step in integrating blockchain into traditional markets.

Dinari CEO Gabe Otte also disagrees with Coinbase's stance. He said, "We do not believe the CLARITY draft is a 'de facto ban' on tokenized stocks."

Superstate, an asset management and tokenization company led by Compound founder Robert Leshner, also expressed a similar viewpoint. Its General Counsel Alexander Zozos stated that the true value of the bill lies in helping to address the gray area of crypto assets (those that are not clearly classified as securities), rather than regulating tokenized stocks or bonds, which fall under the jurisdiction of the U.S. Securities and Exchange Commission (SEC).