Today, in Crypto, Exchange Trade Group is slowing to increase tokenized stocks by working with global regulators. Galaxy Digital, Multicoin Capital and Jump Crypto are raising $ 1 billion to accumulate solana. Bitcoin, meanwhile, fell to $ 112,174, and some analysts connected to sell $ 2 billion.
Global regulators and exchanges push tokenized stocks back from the SEC letter.
Exchange Industry Associations and Global Regulators join forces to inhibit the growth and adoption of tokenized stocks, claiming that these products do not indicate actual stocks and expose investors to considerable danger.
According to Reuters, European Securities and Market Authority (ESMA), IOSCO and WFE (World Federation of Exchange) sent a letter to the basic negotiations (SEC) by the US Securities and Exchange Commission (SEC) and urged strict regulatory supervision of stocks.
The organization argues that tokenized stocks are “imitated” designed for tokenized stocks, but there is a lack of investor protection in traditional markets.
The WFE does not name a specific company or platform, but to Reuters, “We are surprised by numerous brokers and encryption trading platforms that provide or want to provide so -called tokenized American stocks.” This product is equivalent to stocks or stocks.
Push conveys weight given the influence of the signer. EMSA is one of the three major financial supervisors of the European Union and BLOC.
iOSCO is an international organization that sets standards for securities regulations and investor protection in the global market.
The WFE, headquartered in the UK, is a group of industry representatives around the world.
Clampdown requests are caused by tokenized securities gaining traction in Wall Street, resulting in more efficiency, cost reduction, and a wide range of market access through blockchain technology.
Galaxy Digital, Multicoin, Jump Crypto Plan $ 1B Solana Fund: Report
Digital asset firms Galaxy Digital, Multicoin Capital and Jump Encryption are trying to raise $ 1 billion to buy Solana.
According to the Bloomberg Report, which cited anonymous sources, on Monday, the three companies will form the largest finance dedicated to Solana (SOL). The three companies also added that the Cantor Fitzgerald was knocked on the lead banker.
The plan includes acquiring a publicly traded corporation to create a digital asset financial company that focuses on SOL. Bloomberg said Solana Foundation approved the efforts of the three companies, supporting the support of the Treasury.
According to Coingecko, SOL remains the sixth largest token with a market cap. It has increased 6.6% to almost $ 200 over the last 30 days.
If the community of Bitcoin Whale sales point to sales, Bitcoin will drop to $ 112K.
Bitcoin has dropped sharply to $ 112,174 on Sunday, and Bitcoin, such as Willy Woo, has been criticizing Bitcoin’s oldest whales and slow price behaviors after many years of assets.
“The difference in cost, supply and sales have had a significant impact on how much new capital is needed to increase prices,” Bitcoiner said.
His opinion was that Bitcoin’s price dropped 2.2% in a short window for 10 minutes on Sunday after Bitcoin Whale rotated almost $ 2 billion worth of Bitcoin to ether last week.
Bitcoin was low at $ 112,174 before rebounding, and ethers decreased 4% before they recovered similarly.
In addition, four days have passed since another encryption whale suffered similar movements, and it sold a long ET status by selling $ 670 million of Bitcoin.