SEC’s Peirce Clarifies Tokenized Stock Exemption

SEC Commissioner Hester Peirce has tempered industry expectations regarding a proposed "innovation exemption" for tokenized stocks. Addressing concerns raised by a recent Bloomberg report, Peirce clarified that any regulatory exemption would be narrow, restricting tokens to direct digital representations of existing equity securities that offer standard shareholder rights like voting and dividends.

Peirce explicitly noted that synthetic tokens—assets that merely track stock prices—are unlikely to be included. This stance has received support from industry figures like Robert Leshner of Superstate and Carlos Domingo of Securitize, who believe this measured approach will prevent market fragmentation and maintain capital market standards. While the sector has seen $1.48 billion in on-chain volume, the growth has been slower than previous institutional forecasts, and the SEC continues to gather feedback before finalizing any potential regulatory framework.

(Source：Cointelegraph)