The Battle Over Tokenized Assets Regulation: Is the CLARITY Act a Ban or Clear Guidelines?

【CoinPush】Recently, there has been an interesting divergence of opinions in the crypto community regarding the US CLARITY Act. A major exchange once supported this bill but later withdrew its support, claiming it was a “de facto ban” on tokenized stocks. However, companies in the tokenization space are not convinced.

Carlos Domingo, CEO of Securitize, was frank: “The current draft doesn’t outright ban tokenized stocks.” His logic is clear — the draft simply classifies tokenized stocks as securities and requires them to comply with existing regulations. This is actually a good thing for bringing blockchain technology into traditional markets.

Gabe Otte, CEO of Dinari, shares the same view and directly refutes the claims made by that major exchange. He said they do not believe the CLARITY draft constitutes a real ban.

Even Superstate, an asset management firm led by Compound founder Robert Leshner, agrees. The company’s General Counsel, Alexander Zozos, pointed out that the core value of this bill lies elsewhere — it helps clarify those ambiguous aspects of crypto assets (especially projects that are not clearly securities). As for tokenized stocks and bonds? Those have long been under the jurisdiction of the US Securities and Exchange Commission(SEC).

It seems the key disagreement revolves around how to interpret “regulation.” One side views clear rules as a ban, while the other sees this clarity as a necessary step toward compliance.