Bitcoin Bancorp (OTC: BCBC) Submits SEC Comment on Tokenized Stock Trading, Calls for Clearer Digital Asset Infrastructure Rules

Bitcoin Bancorp, Inc. (OTC: BCBC) has submitted a formal public comment to the U.S. Securities and Exchange Commission (SEC) regarding the regulatory framework for tokenized National Market System (NMS) stocks. The submission responds to SEC Release No. 34-106402, which grants temporary conditional exemptions for trading tokenized securities. Bitcoin Bancorp advocates for a function-based regulatory approach that distinguishes between securities trading venues and independent infrastructure providers. The company argues that entities providing identity verification, AML/KYC compliance, and fiat-to-digital conversion should receive relief from the legal definition of a "dealer" under the Exchange Act. By clarifying these boundaries, the firm aims to facilitate broader retail participation in tokenized financial markets. Bitcoin Bancorp intends to leverage its existing physical retail-access infrastructure, including its network of Bitcoin ATMs and digital wallet technologies, to support these emerging markets. This development highlights the ongoing industry effort to define the regulatory perimeter for non-custodial infrastructure providers in the evolving RWA ecosystem.