Jan. 02, 2023
January 2, 2023
The tokenization of stock without any oversight and regulation whatsoever has definitely contributed to inappropriate activity in equity markets.
Why the SEC gave certain financial market institutions a 3-year anything-goes license is absolutely beyond me.
For instance, the FTX GME tokenized stock is still being traded with an infinite market cap as of today, January 2nd, 2023.
In my opinion, the lack of oversight and the lack of regulation for tokenized stock is the most fraudulent ponzi scheme in the history of finance.
This charade must end immediately in order to protect investors and in order to allow for price discovery of the underlying security.