Peter Schiff calls bitcoin's rally after SEC tokenized-shares move illogical
- —Schiff: BTC's rally after the SEC decision is illogical and bearish for bitcoin
- —On September 17 the SEC granted a five-year conditional exemption for trading tokenized NMS shares
- —BTC traded at $81,290, up 1.6% in 24 hours, in a $79,925-$81,674 range
- —Galaxy: tokenized venues must give holders the same rights as with ordinary shares
Why it matters: The debate over tokenized shares intensifies competition for capital between bitcoin and tokenized securities amid SEC easing.
Source: The Crypto Times