Odaily Planet Daily reports: Fox Business’s crypto journalist posted on X that, according to a source familiar with the matter, the SEC’s tokenization innovation exemption will be further delayed, with details remaining undisclosed for now. The source indicated that one possible reason is that the tokenization provisions under Section 10505 of the Clarity Act have been subject to ongoing negotiations among stakeholders, and any action the SEC takes through its innovation exemption could impact the compromise on this provision. This suggests that the exemption may remain on hold until the legislative path of the Clarity Act becomes clearer. The SEC still plans to hold a public meeting tomorrow at 10 a.m. to propose new rules and exemptions for fundraising transactions involving crypto assets—Regulation Crypto Assets.
SEC Delays Exemption for Tokenization Innovation; Details Remain Unannounced
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Summary
The U.S. Securities and Exchange Commission (SEC) has once again delayed its tokenization innovation exemption, with no public details provided. A source suggested the delay may involve CFTC concerns and ongoing stakeholder discussions regarding the tokenization provisions of the Clarity Act. The exemption could remain on hold until the legal pathway becomes clearer. The SEC plans to propose new rules tomorrow at 10 a.m., targeting fundraising involving risk-on assets under Regulation Crypto Assets.
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