Cryptocurrency exchange Coinbase is renewing its efforts to tokenize its own stock, $COIN, in an attempt to bring security tokens to the US market. The company had initially planned to go public by issuing a security token representing its stock but faced regulatory hurdles and opted for a traditional direct listing instead. With a newly formed crypto task force at the SEC, Coinbase sees a renewed opportunity to integrate blockchain-based securities into traditional finance. The company's CFO expressed optimism about regulatory developments and hinted at the potential introduction of internationally available products to the US market. The move follows the SEC's dismissal of its lawsuit against Coinbase and CEO Brian Armstrong's highlighting of the benefits of tokenized securities, such as around-the-clock trading.



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