SEC delays tokenized asset exemption amid concerns over third-party tokens: Bloomberg Law
The SEC has delayed its plan for an anticipated exemption that would clarify the agency's stance on tokenized assets, Bloomberg Law reported....
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SEC Delaying Plan to Allow Crypto Versions of US Stocks: Report
The SEC has delayed its "innovation exemption" framework that would enable tokenized versions of US stocks to trade 24/7 on decentralized crypto platforms. Chair Paul Atkins' initiative faced pushback from traditional stock exchanges and market participants citing investor protection concerns and potential liquidity fragmentation. The delay signals regulatory caution despite the Trump administration's pro-crypto stance.
SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens
SEC Commissioner Hester Peirce clarified that the agency's delayed tokenization rule won't permit synthetic tokens, countering market speculation. Peirce emphasized the proposal limits digital representations to actual underlying securities already tradable today. The rule represents a major regulatory shift for crypto in the U.S., with Chairman Paul Atkins championing safe harbors for various crypto activities and startup registration exemptions.