Comment This is not about crypto (Score 2) 6
Rather, this is effectively about recording stock transactions on a blockchain. Nothing more and nothing less than swapping a distributed transaction log for a traditional ledger.
The implication is clear, the SEC is at least considering the idea of creating shares as a token cryptocurrency. In this case, the tokens are backed by real shares. That's not a technical requirement, though, and a future company might someday skip the major exchanges entirely to list only as a token. To be clear, there's nothing sacred about the exchanges and their "house rules"; there's nothing inherently wrong with using a blockchain vs a ledger; and to reiterate, this has nothing to do with "buying stocks with Bitcoin".
On that last point, I consider OKXICE's decision to accept payment in some nondescript "stablecoins" as extremely unfortunate. Not because I'm a cryptophobe, but because it muddies the waters as to the viability of the core concept of tokenized equity itself - Though that's a bit of a tautology, given stocks are already "tokenized equity". Whether we denominate them in USD or BTC or cowrie shells is an entirely separate issue.