Several tokenization companies refuted Coinbase's opposition to the CLARITY bill.

Coinbase previously withdrew its support for the Crypto Markets Structure Act (CLARITY Act), calling it a "de facto ban" on tokenized stocks. However, tokenization companies argue that the act recognizes regulated digital securities, rather than banning them. Securitize CEO Carlos Domingo stated, "The current draft doesn't kill tokenized stocks." He believes the draft simply clarifies that tokenized stocks are still securities and must comply with existing rules, a crucial step in integrating blockchain into traditional markets. Dinari CEO Gabe Otte disagreed with Coinbase's position, saying, "We don't see the CLARITY draft as a 'de facto ban' on tokenized stocks." Superstate, an asset management and tokenization company led by Compound founder Robert Leshner, expressed a similar view. Its general counsel, Alexander Zozos, stated that the true value of the act lies in helping to address the gray area of ​​crypto assets (those that don't explicitly fall under the category of securities), rather than regulating tokenized stocks or bonds, which fall under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). (CoinDesk) Related reading: Why is the industry so divided over the sudden postponement of the CLARITY review?