Michael Burry says the SEC's plan to trade stocks like crypto could create a nightmare for investors

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The Securities and Exchange Commission (SEC) has a plan to let people trade stocks on the blockchain, buying and selling them like crypto.

Big Short investor Michael Burry isn’t happy about that, to say the least.

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“We may be headed full-on to a Snow Crash cyber-punk future,” Burry wrote on his Substack, Cassandra Unchained (1). “This may be the point in time that needs to be stopped from going forward by some future being.”

If the plan goes through, stocks could be tokenized without a company’s consent and traded 24/7, unlike the U.S. stock market , which opens at 9:30 a.m. ET and closes at 4 p.m. ET on weekdays only.