previously Coinbase withdrew its support for the Cryptocurrency Market Structure and Investor Protection Act (CLARITY Act), calling it a "de facto ban" on tokenized stocks. However, tokenization companies stated that the act confirms regulated digital securities rather than banning them.

Securitize CEO Carlos Domingo said: "The current draft does not kill tokenized stocks." He believes the draft simply clarifies that tokenized stocks are still securities and must comply with existing rules, which is a key step in integrating blockchain into traditional markets.

Dinari CEO Gabe Otte also disagreed with Coinbase's position. He said: "We do not believe the CLARITY draft is a ‘de facto ban’ on tokenized stocks."

Asset management and tokenization company Superstate, led by Compound founder Robert Leshner, expressed a similar view. Its Chief Legal Officer Alexander Zozos said the real value of the act lies in helping to resolve the gray areas of crypto assets (those crypto assets that are not clearly categorized as securities), rather than regulating tokenized stocks or bonds. The latter fall under the jurisdiction of the U.S. Securities and Exchange Commission (SEC).