ChainCatcher report, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) will once again delay the launch of its innovative exemption program for tokenized assets due to concerns raised by Wall Street and the White House. The exemption was originally intended to provide U.S. crypto companies with a regulatory sandbox of 12 to 36 months, allowing them to issue and trade tokenized securities. The core dispute centers on whether the exemption’s terms permit third parties to issue stock tokens without the consent of the issuing company. SEC Commissioner Hester Peirce defended the proposal on X, stating that the framework is narrowly scoped to facilitate the trading of digital representations of existing equity securities, not synthetic products.
SEC Again Delays Plan for Tokenized Asset Innovation Exemption
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Summary
The U.S. Securities and Exchange Commission (SEC) has postponed its tokenized asset innovation exemption program due to concerns from the CFTC and pushback from Wall Street. The exemption would have allowed U.S. crypto firms to operate a 12- to 36-month sandbox for issuing and trading tokenized securities. A key concern is whether it would permit third parties to issue stock tokens without company authorization. SEC Commissioner Hester Peirce stated that the plan focuses on digital representations of equity, not synthetic products. Market participants are monitoring how this delay impacts liquidity and crypto markets.
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