The Securities and Exchange Commission (SEC) is preparing a new “innovation exemption” framework for tokenised stock trading on crypto platforms, according to Bloomberg.
The proposal, which could be released this week, would allow blockchain-based versions of publicly traded stocks to trade under a lighter regulatory structure. The tokenised assets would be tradeable on decentralised crypto platforms.
Bloomberg also reported that the guidelines would allow third parties to issue blockchain-based stock tokens without approval.
This move would represent one of the largest shifts in the US’ crypto infrastructure so far. The SEC and Commodity Futures Trading Commission (CFTC) announced in September that they were launching a new era of coordination to strengthen US markets by harmonising rules, streamlining reporting, aligning capital requirements, and creating innovation exemptions.
Under the Trump administration, the US has introduced a number of policies to support digital asset growth, including the GENIUS and CLARITY acts. However, with a vast and varied number of organisations involved in crypto regulation, the focus has shifted to interoperability of guidance and frameworks.
