SEC Delaying Plan to Allow Crypto Versions of US Stocks: Report
Bitcoin Magazine
The SEC has delayed its proposed innovation exemption for tokenized stocks amid pushback from traditional exchanges and concerns over market fragmentation.Summary
The U.S. Securities and Exchange Commission (SEC), led by Chair Paul Atkins, has postponed the release of an 'innovation exemption' intended to allow digital tokens linked to U.S. stocks to trade on decentralized platforms. The initiative, part of the broader 'Project Crypto' agenda, would have allowed third-party issuers to create blockchain-based wrappers for public company shares. The delay follows strong opposition from industry groups like the World Federation of Exchanges, who argue that the plan could dilute investor protections and distort market competition. Meanwhile, competitors like Nasdaq are pursuing a different, exchange-integrated model for tokenized securities.
(Source：Bitcoin Magazine)