Apr. 17, 2023
The collapse of FTX has made it clear that bad actors interest skirting unregulated exchanges are using tokenized stocks to short nakedly and aggressively without oversight, proper locating and avoiding legal obligations. It seems, given the fact that under current law these crypto assets do indeed full under the regulation of the securities exchange act, they must certainly be regulated, framed and structured accordingly. This will close holes used to skirt and circumvent current regulations set in place by the sec. I am in strong support of this passing and believe it will only bring more oversight to areas in which previously have been abused in the dark. - Peter Dominguez