Andrew Cuomo, Co-Chairman of OKX-ICE and former Governor of New York State, stated that the opposition from issuers to tokenized stock plans is a "natural reaction" and an expected part of testing a new market structure. He noted that companies such as Microsoft, Alphabet, and Goldman Sachs have joined the opposition. Cuomo explained that the model is designed to give companies the right to choose to participate or opt out, and he expects many companies to take a wait-and-see approach rather than being early adopters. Previously, a public notice revealed that 16 companies, including those mentioned, had opposed the trading of their stocks on OKX-ICE's tokenized trading platform.