U.S. regulators back tokenized stock trading, 3x BTC and ETH ETPs, and NYSE access to 44 million crypto accounts
U.S. regulators and market infrastructure providers are accelerating efforts to integrate crypto with traditional finance. The SEC has approved onchain trading of tokenized U.S. stocks and the first 3x leveraged Bitcoin and Ethereum ETPs, while the CFTC has sent new crypto market rules to the White House. The NYSE has struck a deal to bring tokenized stocks to 44 million crypto accounts, and BlackRock, DTCC, Visa and Mastercard have joined Circle’s Arc blockchain as validator nodes. The Treasury is reportedly pushing to expand U.S. dollar stablecoins globally, and DTCC plans to launch a tokenization service in October with over $114 TRILLION in assets, while U.S. stocks are set to move to 23-hour trading starting December 6.