The SEC postponed its innovation exemption framework for tokenized US equity trading after Nasdaq, NYSE, and market participants raised investor protection concerns.

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.