[Controversy Over Crypto Bill: Tokenization Companies Refute Coinbase's Claim That the Crypto Bill Is a 'De Facto Ban'] According to a report by Jinse Finance, the draft U.S. crypto market structure bill has sparked controversy. Coinbase CEO Brian Armstrong stated that the draft bill would effectively ban the issuance of tokenized stocks, leading to the withdrawal of Coinbase's support for the bill. However, tokenization companies argue that the bill actually affirms the status of regulated digital securities rather than banning them. Securitize CEO Carlos Domingo stated that the draft does not stifle tokenized stocks but merely clarifies that they are still considered securities and must comply with existing regulations. He described this as an important step in integrating blockchain into traditional markets. Dinari CEO Gabe Otte and Superstate legal advisor Alexander Zozos expressed similar views, arguing that the bill helps clarify the currently ambiguous regulatory framework for crypto assets rather than regulating tokenized stocks or bonds. Uniform Labs CEO Will Beeson pointed out that even if the legislative process is delayed, the push for regulated, tradable tokenized assets continues. The industry anticipates that the scale of tokenized real-world assets could reach trillions of dollars in the next decade, attracting participation from Wall Street giants such as BlackRock, Franklin Templeton, and Fidelity. Superstate's Zozos emphasized, 'Legislation may affect the pace of rollout, but it cannot change the direction of the trend.'