ChainCatcher report, according to BBX data, yesterday marked a historic policy windfall for global digital asset compliance: the U.S. federal government and the top securities regulator are jointly breaking down barriers between the crypto ecosystem and traditional finance regarding payments and securities. Key developments include: President Trump signs executive order on digital assets: On Tuesday local time, U.S. President Trump formally signed an executive order directing U.S. financial regulators to review existing rules within three months, identify, and remove regulations obstructing collaboration between fintech companies and federally regulated financial institutions. The order specifically requires the Federal Reserve to take measures within six months to encourage innovation, reassess the eligibility of non-bank financial firms for access to Federal Reserve payment accounts and services, and task 12 regional Fed banks with studying the feasibility of independently offering open payment accounts. SEC poised to launch "Innovation Exemption" framework: Bloomberg Law revealed early this morning that “Project Crypto,” led by SEC Chair Paul Atkins, is set to implement as early as this week a framework for “innovation exemptions” for tokenized equities. This framework will allow crypto-native platforms to offer trading and clearing services for tokenized U.S. stocks during a pilot period without completing full broker-dealer registration. Traditional exchange giants accelerate into tokenization: Regulatory easing has already triggered fierce competition among Wall Street incumbents. Nasdaq, Inc. (NASDAQ: $NDAQ) received formal SEC approval in March 2026 to trade DTC-compliant tokenized securities; meanwhile, Intercontinental Exchange, Inc. (NYSE: $ICE), parent company of the NYSE, has submitted its independently developed 24/7 tokenized securities platform for final approval, which is currently pending.
Trump Signs Major Digital Asset Executive Order; SEC to Introduce Tokenized Stock Exemption
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Summary
On Tuesday, U.S. President Trump signed a major executive order on digital asset regulation, directing federal regulators to remove barriers between fintech firms and banks within three months. The Federal Reserve must assess non-bank access to payment services within six months. The SEC is set to announce a tokenized stock exemption this week, allowing crypto-native platforms to trade tokenized U.S. stocks without full broker registration. Nasdaq and ICE are progressing in this space, with Nasdaq approved for March 2026 and ICE’s 24/7 platform awaiting final approval. Crypto asset classification remains a key focus as the regulatory framework evolves.
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