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SEC tokenized stock exemption draws Peter Schiff bearish take

Bitcoin rallied after the SEC announced an exemption for tokenized stock trading. Peter Schiff said the move is bearish for Bitcoin, arguing the market got it backwards.

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Bitcoin rallied after the SEC announced a sweeping new exemption for tokenized stock trading. Peter Schiff said the market got it exactly backwards. The longtime Bitcoin critic argued that the SEC's "Innovation Exemption," which allows qualifying US trading platforms to conduct liquidity pool trad…