News list for " the financial industry"
The Securities Industry and Financial Marekt Association (SIFMA), which represents major Wall Street institutions, recently sent a letter to the Crypto Working Group of the Securities Exchange Commission (SEC), strongly calling on the SEC to reject requests from digital asset firms to issue tokenized shares through "no action letters" or "waiver relief." In the letter, SIFMA said its members were "deeply concerned" by reports of digital asset firms seeking to issue tokenized shares.
According to a survey by the Financial Industry Regulatory Authority (FINRA), 55% of Gen Z in the United States prefer to invest in cryptocurrencies. Gen Z prefers on-chain rather than online finance. It believes that digital banking platforms are unwieldy and opaque. Gen Z prefers to manage their finances on-chain through decentralized financial applications and digital dollar stablecoins. It is reported that Generation Z refers to the generation of people born between 1997 and 2012 who are now...
