Yesterday, CZ said he didn’t expect the tokenization of stock to come so quickly. In fact, the root source can be traced back to years of global sovereign credit oversupply. Now, income must be increased to repay the debt. When the central government can’t sustain land-finance any longer, it has to control capital outflows and, at the same time, introduce and make it easier to collect a capital gains tax. Therefore, in May this year, the administration cut off liquidity for investing in U.S. stocks. And to抢夺 this liquidity, the U.S. SEC rolled out real-time innovative exemptions for U.S. stock tokenization. The logic and connections are very clear!