Synthetic tokenized stocks are bad for American investors

Crypto Insight Summary: U.S. markets are the envy of the world because investors trust that whoever owns a share owns it fully, writes Aaron Kaplan, founder of Promethum. The synthetic models cheapens that trust, shortchanges U.S. investors, and undercuts the issuer-led capital markets model. Crypto Insight Analysis: Direction: Bearish SPY / Bearish QQQ Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Concerns over synthetic stocks may reduce investor confidence in traditional markets.