New York Court Rules Tokenized Securities Must Trade Through Licensed Broker-Dealers
SEC Crushes Token Sale Dreams in Broker-Dealer Blowout A New York appeals court slammed the brakes on a crypto trading platform’s ambitions, ruling that selling blockchain-based digital assets requires a broker-dealer license—potentially forcing a regulatory reckoning across DeFi and exchanges. Innovative Securities sued OBEX, claiming its planned token sales on the OBEX Chain—a permissioned blockchain…
