Coinbase's tokenized-stake request to SEC this time

2025-06-17 06:38:17

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The largest cryptocurrency exchange in the US, Coinbase, has applied to the Securities and Exchange Commission for the service of trading blockchain-based stocks (SEC). According to a report by Reuters, Coinbase aims to compete with traditional stock platforms like Robinhood and Charles Schwab with this move.

Speaking to the agency, Coinbase General Counsel Paul Grewal stated that this issue is a “priority” for them.

Currently, the buying and selling of tokenized stocks is not legal in the US. Kraken, one of Coinbase’s competitors, has started offering the same service outside of the US.

In June 2023, the SEC filed a lawsuit against the Coinbase exchange for the alleged sale of unregistered securities, Coinbase responded with a counter-lawsuit, and the process was prolonged until the beginning of this year.

After Donald Trump was elected president in the United States and took a pro-crypto stance, the SEC changed its management and the institution abandoned many of its lawsuits, including Coinbase.

Published: June 17, 2025 17:38Last Updated: June 17, 2025 17:44

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