Washington Reclaims Tokenized Stock Trading

Ignore both the “historic revolution” and the “nothing to see here” takes. This is a deliberately limited, legally fragile bridge — built to pull a fast-moving business back onto US soil and shape it before it grew up somewhere else. The part that matters most isn’t people trading Apple at midnight. It’s the quiet groundwork for these tokens to become plumbing in the wider financial system — and the two-regulator standoff that decides how far, and how fast, Washington can take it.

#Tokenization, #MultipolarOrder, #CapitalMarkets, #SECvsCFTC, #DollarSystem, #Repo