No one was proposing to make this trade. Nothing in market structure prevents tokenized securities. Simply restating the law does not change the law.

The purpose of market structure legislation is to create a new regulatory framework for spot crypto. Tokenized securities have no place in this bill.
We must not trade away the SEC's authority to bring the existing financial system onchain just to make a deal.
@banamlas is 💯 x.com/banamlas/statu…

Jake Chervinsky

Twitter

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Gold surpasses US Treasury bonds for the first time in 30 years! Becoming the world's largest foreign exchange reserve, why is central bank asset allocation logic being rewritten?

If it's already the law, why would Congress bother to restate it?
You know the canons of statutory construction as well as me. Courts looking at new statutes will assume Congress included them for some reason and find a way to give them force or effect.
Can't we just fix these?