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Source document· June 1, 2026
Michael Burry says the SEC's plan to trade stocks like crypto could create a nightmare for investors
View original at finance.yahoo.comMichael Burry says the SEC's plan to trade stocks like crypto could create a nightmare for investors Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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The SEC's stock tokenization plan could lead to a dystopian cyberpunk future and should be stopped.
60% confidenceTokenized stocks could cause price divergence across markets leading some investors to overpay.
60% confidenceCitadel Securities raised concerns about market fragmentation as a result of stock tokenization.
60% confidenceTokenized stocks may not represent actual company ownership and token holders may not receive all normal shareholder benefits.
60% confidenceUnder the SEC's innovation exemption, there will be two types of tokenized stocks: company-authorized and third-party unauthorized.
60% confidence