The SEC has delayed its planned innovation exemption for tokenized stocks after pushback from stock-exchange officials and internal concerns about market fragmentation.

SEC Commissioner Hester Peirce clarified the scope of a proposed innovation exemption for onchain trading of tokenized NMS stock, [cautioning against mischaracterization of the…

SEC Commissioner Hester Peirce has clarified that the “innovation exemption” for tokenized stock trading would only apply to digital representations of underlying equities.