The SEC is pushing to enable stocks to be traded like cryptocurrency

BlockBeats News, September 30th, according to The Information, the U.S. Securities and Exchange Commission (SEC) is developing a plan to enable stocks to trade on a blockchain-based technology similar to cryptocurrency.

This move is a key focus of the Trump administration's regulatory agenda supporting cryptocurrency, and in the future, it may allow investors to purchase tokens representing shares of companies like Tesla and Nvidia on cryptocurrency trading platforms.

Currently, SEC staff are in discussions with industry representatives regarding the proposal. Companies including Coinbase (COIN.O) and Robinhood (HOOD.O) are actively pushing for regulatory approval to conduct stock trading on a blockchain platform. However, the plan is facing strong opposition from traditional financial institutions that have established profit models within the existing market structure.