The SEC delays its exemption for tokenized stocks
The Securities and Exchange Commission was set to make a historic move this week. Instead, it chose to hit the brakes. This unexpected delay raises a central question: is the tokenization of traditional assets really ready to enter U.S. legislation?
In summary
The SEC postponed its exemption aimed at tokenized stocks due to market concerns.
Authorities are worried about the risks linked to tokens issued without the agreement of the involved companies.
This delay is slowing down several crypto projects related to the tokenization of financial assets.
The SEC slows down the tokenization push in the United States
The Securities and Exchange Commission has finally decided to postpone its regulatory exemption project on tokenized stocks.
According to Bloomberg, the agency was supposed to publish an experimental framework this week that would allow crypto companies to trade digital representations of stocks on the blockchain. However, after discussions with stock market officials and various market players, the U.S. regulator preferred to take a pause.
The main point of friction concerns “third-party tokens.” Specifically, some platforms could issue tokenized versions of listed stocks without the official approval of the underlying companies. This scenario is a major concern for several financial experts and former U.S. regulators.
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