SEC Backs Real Stock Tokens Over Synthetics: Who Loses?

Crypto Insight Summary: The SEC approved onchain trading of tokenized stocks, barred synthetic copies, and gave companies a veto. Crypto Insight Analysis: Direction: Bearish Synthetics / Neutral Onchain Tokens Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: SEC's stance on synthetic tokens creates regulatory uncertainty, while tokenized stocks gain legitimacy.