Tokenization firms have firmly rejected the claims made by Coinbase regarding the classification of certain cryptocurrencies as equities within the context of the proposed crypto bill. These firms argue that Coinbase's assertions are misleading and do not accurately reflect the nature of their digital assets, emphasizing the distinct characteristics that set cryptocurrencies apart from traditional equities. They contend that the regulatory framework proposed in the bill is overly broad and could hinder innovation in the rapidly evolving cryptocurrency market.
source: https://www.coindesk.com/policy/2026/01/15/tokenization-firms-reject-coinbase-s-crypto-bill-equities-claims