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CEPT Stock Gains as Analyst Highlights Tokenization Competition Concerns
Source: CryptoNewsNet Original Title: Cantor Equity Partners II stock gains as Citron says Coinbase fears tokenization rival Original Link: Cantor Equity Partners II (CEPT), the special-purpose vehicle set to take tokenization firm Securitize public early this year, saw its stock rise Thursday after Citron Research backed the firm and criticized a major exchange for withdrawing support for crypto market structure legislation.
“The exchange wants the benefits of CLARITY without the competition it would create,” wrote Citron, led by Andrew Left. “[They aren’t] pushing back because the bill is bad for crypto — they’re pushing back because a cleaner version might be better for Securitize than for them.”
Securitize, which has issued over $4 billion in tokenized assets and holds the licenses needed to offer tokenized securities, stands to gain if clearer rules are passed, Citron argued. The exchange, by contrast, would face direct competition.