The securities regulator was preparing to release its \u201cinnovation exemption\u201d for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff.<\/p>\n
However, the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants, \ubcf4\uace0<\/a> Bloomberg, citing people familiar with the matter on Saturday.<\/p>\n \uadf8\ub9ac\uace0 exemption<\/a> would have allowed the trading of tokenized stocks on decentralized exchanges that do not have the backing or consent of the public companies whose shares they track.<\/p>\n However, the SEC noted that allowing the trading of third-party tokens has raised concerns.\u00a0Several former regulators reportedly said it was unclear how companies could fulfill the same rights criteria as tokens traded on third-party blockchains.<\/p>\n Bloomberg also reported that public companies might face uncertainty over normal practices such as issuing dividends and counting shareholder votes. There was also concern about tokens ending up in the hands of bad actors overseas.<\/p>\n SEC Commissioner Hester Peirce said earlier this week that any exemption would be \u201climited in scope\u201d by only permitting \u201cdigital representations of the same underlying equity security that an investor could purchase in the secondary market today.\u201d<\/p>\n \u201cThe SEC deserves a lot of credit for preparing diligently for legislation and for moving ahead expeditiously under its existing authority to provide clarity to markets in adopting tokenization in capital markets,\u201d said Coinbase chief legal officer Paul Grewal on Saturday.<\/p>\n<\/blockquote>\n Thank you @HesterPeirce<\/a>. @Coinbase<\/a> has long supported the thoughtful SEC staff comments already published on tokenization.<\/p>\n The SEC already has the existing authority it needs to permit innovation in securities markets, particularly for real, onchain tokenized NMS equities that\u2026 https:\/\/t.co\/Mwr5VBrSVQ<\/a><\/p>\n \u2014 Paul Grewal (@iampaulgrewal) May 23, 2026<\/a><\/p>\n<\/blockquote>\n Meanwhile, Tiger Research director Ryan Yoon cautioned<\/a> that allowing third-party trading of tokenized stocks could risk liquidity and revenue fragmentation.\u00a0The move could create \u201cprice discrepancies across platforms,\u201d in addition to increasing slippage on large orders, and ultimately \u201cdegrading overall market efficiency,\u201d he said.<\/p>\n He added that financial revenues that should accrue to domestic US exchanges could flow offshore instead.\u00a0Benefits from the move could include faster settlement, fractional ownership, lower transaction costs, the potential for 24\/7 trading, and giving non-US citizens access to popular US stocks.<\/p>\n Crypto markets have recovered from their Saturday slump today following the latest announcement from US President Donald Trump, who \ub9d0\ud588\ub2e4<\/a> on Truth Social that an agreement has been \u201clargely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other countries.\u201d<\/p>\n The deal would include reopening the Strait of Hormuz, and \u201cfinal aspects and details of the deal are currently being discussed and will be announced shortly,\u201d he added.<\/p>\n Bitcoin reclaimed $77,000 in early trading on Sunday following its dip<\/a> to a five-week low of $74,200 on Saturday.<\/p>\n \uac8c\uc2dc\ubb3c SEC Delays Plans for Tokenized Stock Trading on Crypto Platforms<\/a> \uc5d0 \ucc98\uc74c \ub4f1\uc7a5 \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The securities regulator was preparing to release its \u201cinnovation exemption\u201d 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 […]<\/p>\n","protected":false},"author":1,"featured_media":44663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nExperts Weigh Pros And Cons<\/h2>\n
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Crypto Markets Bounce on Trump Deal<\/h2>\n