Coinbase shares jump 12% after SEC approves tokenized stocks
- —SEC approved a temporary "innovation exemption" for tokenized U.S. stocks
- —Coinbase (COIN) shares rose about 12% on the news
- —The rally spread to other crypto stocks
Why it matters: It opens a legal path for trading tokenized stocks on crypto platforms, strengthening the link between TradFi and crypto.
Source: Seeking Alpha Crypto