SEC Delays Plans for Tokenized Stock Trading on Crypto Platforms

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The U.S. Securities and Exchange Commission had a draft "innovation exemption" ready to allow tokenized versions of U.S. stocks and staff had reviewed the plan with a potential release slated for "as soon as this week." Release timing has been pushed back as the SEC seeks input from stock-exchange officials and other market participants, delaying potential token launches, crypto adoption and fundraising pathways for DeFi and DEX/CEX platforms.
The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff.
However, the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants, reported Bloomberg, citing people familiar with the matter on Saturday.
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