One would think that Congress has more substantive things to do than ban events that are unlikely to happen in the absence of the ban.  

Nasdaq is demonstrating that no substantive rule changes are needed to allow tokenized securities in a fungible manner with traditional securities.

This is a very significant letter in that it allows an unregistered entity to share in transaction revenue, provided that the unregistered entity properly confines the scope of its activities and fulfills a number of other process conditions. If the principle is applied more broadly, in the securities markets as well as in CFTC-regulated markets, it could have a meaningful impact on the way in which technology businesses are paid when providing support services with respect to financial…

This amendment would completely undo the first big mistake of former SEC Chair Gensler's tenure at the SEC, which was to proclaim that Rule 15c2-11, which had for half a century applied only to equities, applied equally to debt securities. The proclamation was issued without any consideration of whether the markets for debt securities and for equity securities might be quite different (they are) and thus a rule that worked in equities might not be appropriate, at least without revision, for…