SEC postpones plan allowing ‘innovation exemption’ for tokenized stocks: Report
The SEC has reportedly delayed releasing a proposal permitting tokenized stock trading after receiving industry concerns.
The US Securities and Exchange Commission has reportedly postponed its plan to allow trading of tokenized stocks after stock exchange officials raised concerns over how the plan would be implemented.
Bloomberg reported on Friday, citing sources familiar with the matter, that the SEC’s “innovation exemption” for crypto-based stocks was expected to be released during the week, with SEC staffers having already reviewed a draft of the tokenized stock trading proposal.
The SEC has reportedly received input from hundreds of market participants on how to best implement the rules, but it has not made a decision to change its proposal.