The Securities and Exchange Commission has delayed a plan to provide broad exemptions for US crypto firms seeking to trade tokenized assets tied to stocks, Bloomberg Law reported Friday.
SEC staff had been preparing to release the so called innovation exemption for tokenized stocks as soon as this week, with a draft already prepared and reviewed internally.
The timing has since been pushed back as the agency weighs feedback from stock exchange officials and other market participants, according to the report.
The framework would have opened a clearer path for crypto firms to offer blockchain based versions of publicly traded securities under a lighter regulatory structure.
Bloomberg previously reported that the plan could allow tokens tracking public companies to trade on decentralized crypto platforms, even without the backing or consent of the companies whose shares they reference.
