The World Federation of Exchanges warns the SEC against exemptions for encryption tokens or weakening investor protection.

BlockBeats news, on November 27, according to Reuters, the World Federation of Exchanges (WFE) sent a letter to the U.S. Securities and Exchange Commission (SEC) this week, warning that the proposed regulatory “exemption” for crypto companies to sell “tokenized stocks” could undermine investor protection and pose risks to market integrity, stating that “the SEC should avoid granting exemptions to companies attempting to circumvent regulatory principles that have protected the market for decades and should compete on the same playing field with crypto platforms under the same rules.”