Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has once again delayed its “innovation exemption” plan for tokenization. The framework aims to allow companies to test blockchain-based tokenized trading of U.S. equities without meeting full exchange and broker-dealer regulatory requirements. The delay is linked to ongoing negotiations regarding Section 10505 of the U.S. Senate’s CLARITY Act draft, which stipulates that tokenized securities remain classified as securities and requires the SEC to study custody, consumer protection, cross-border issues, and regulatory coordination. In the same week, the SEC also postponed its scheduled Friday vote on a proposed funding exemption for crypto startups, citing scheduling conflicts; a new date has not yet been announced. The House version of the CLARITY Act was passed in July 2025, and the Senate Banking Committee version advanced in May this year by a 15-to-9 vote. A procedural vote in the full Senate is not expected before September 15. (Bitcoin.com News)
SEC Delays Tokenization Exemption Amid CLARITY Act Negotiations
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Summary
The SEC has postponed its tokenization "innovation exemption" program, delaying firms from testing blockchain-based U.S. stock tokenization. The delay stems from unresolved discussions regarding Section 10505 of the CLARITY Act, which connects tokenized securities to CFT (Countering the Financing of Terrorism) concerns and requires research on custody and cross-border issues. A vote on a crypto fundraising exemption has also been moved to an undetermined date. The House passed its version in July 2025, while the Senate Banking Committee advanced its bill in May, with Senate votes unlikely before September 15. Liquidity and crypto markets remain in regulatory limbo.
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