SEC Preparing to Release Framework for Trading Tokenized Versions of Wall Street Stocks

3-line summary

• The Securities and Exchange Commission is preparing to launch a framework for trading blockchain versions of popular Wall Street-listed stocks, with its 'innovation exemption' for tokenized-stock trading expected as early as Friday, according to a Bloomberg report cited by Yahoo Finance/Benzinga.
• Officials are still 'working on the proposal' and details may change before release; the SEC has scheduled an open meeting Friday to 'create a tailored offering regime for certain investment contracts involving crypto assets.'
• SEC Chair Paul Atkins first hinted at the 'innovation exemption' in April; the proposal aims to give qualified firms a regulatory sandbox to issue and trade tokenized securities on-chain under lighter-touch compliance conditions. A similar report emerged in May, but the agency delayed release to weigh feedback from stock-exchange officials and public companies.

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