Peter Schiff Calls SEC Tokenized-Stock Exemption Bearish for Bitcoin
- —SEC granted a five-year exemption for tokenized-stock trading starting Sept. 17
- —Issuers keep veto rights over their own tokenized securities
- —Bitcoin trades near $84,000 after the SEC announcement
- —Schiff calls the BTC rally illogical and sees tokenized stocks as a rival
Why it matters: Whether tokenized equities and crypto compete for the same capital pool remains unconfirmed by ETF flows so far.
Source: Journal du Coin