A group representing major stock exchanges has urged the SEC to abandon its plan to grant an “innovation exemption” to brokers and crypto firms seeking to offer tokenized stocks. The US Securities and Exchange Commission shouldn’t grant broad regulatory relief to crypto companies launching tokenized stock offerings, as it risks the market and investors, argues a stock exchange advocacy group. The World Federation of Exchanges (WFE) said in a letter to the SEC on Friday that it was “alarmed at the plethora of brokers and crypto-trading platforms offering or intending to offer so-called tokenized US stocks.”“These products are marketed as stock tokens or the equivalent to stocks when they are not,” the group said. “This development poses multiple and interconnected risks.”Read more A group representing major stock exchanges has urged the SEC to abandon its plan to grant an “innovation exemption” to brokers and crypto firms seeking to offer tokenized stocks. The US Securities and Exchange Commission shouldn’t grant broad regulatory relief to crypto companies launching tokenized stock offerings, as it risks the market and investors, argues a stock exchange advocacy group. The World Federation of Exchanges (WFE) said in a letter to the SEC on Friday that it was “alarmed at the plethora of brokers and crypto-trading platforms offering or intending to offer so-called tokenized US stocks.”“These products are marketed as stock tokens or the equivalent to stocks when they are not,” the group said. “This development poses multiple and interconnected risks.”Read more

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more