These are all intelligent arguments, and rhetorically they’re persuasive. Technology agnosticism sounds right. Separate instruments referencing a share not needing the issuer does, too. No one argues against property rights. But this also talks around the actual issues at hand.
The main problem here isn’t tokenization. It’s the marketing of a discretionary debt instrument, which functions essentially as an onchain CFD, as an investment in the US stock market.
When an issuer finds out about it this way, this is the reaction you get.