The securities regulator was getting ready to launch its “innovation exemption” for tokenized shares as quickly as this week, and a draft of the plan had been ready and reviewed by employees.
Nevertheless, the timing has since been pushed again because the SEC weighs enter from stock-exchange officers and different market individuals, reported Bloomberg, citing folks accustomed to the matter on Saturday.
The exemption would have allowed the buying and selling of tokenized shares on decentralized exchanges that would not have the backing or consent of the general public firms whose shares they monitor.
Consultants Weigh Execs And Cons
Nevertheless, the SEC famous that permitting the buying and selling of third-party tokens has raised considerations. A number of former regulators reportedly mentioned it was unclear how firms might fulfill the identical rights standards as tokens traded on third-party blockchains.
Bloomberg additionally reported that public firms may face uncertainty over regular practices comparable to issuing dividends and counting shareholder votes. There was additionally concern about tokens ending up within the fingers of unhealthy actors abroad.
SEC Commissioner Hester Peirce mentioned earlier this week that any exemption can be “restricted in scope” by solely allowing “digital representations of the identical underlying fairness safety that an investor might buy within the secondary market immediately.”
“The SEC deserves lots of credit score for getting ready diligently for laws and for transferring forward expeditiously underneath its present authority to supply readability to markets in adopting tokenization in capital markets,” mentioned Coinbase chief authorized officer Paul Grewal on Saturday.
Thanks @HesterPeirce. @Coinbase has lengthy supported the considerate SEC employees feedback already revealed on tokenization.
The SEC already has the prevailing authority it wants to allow innovation in securities markets, notably for actual, onchain tokenized NMS equities that… https://t.co/Mwr5VBrSVQ
— Paul Grewal (@iampaulgrewal) Might 23, 2026
In the meantime, Tiger Analysis director Ryan Yoon cautioned that permitting third-party buying and selling of tokenized shares might danger liquidity and income fragmentation. The transfer might create “value discrepancies throughout platforms,” along with growing slippage on giant orders, and in the end “degrading total market effectivity,” he mentioned.
He added that monetary revenues that ought to accrue to home US exchanges might stream offshore as an alternative. Advantages from the transfer might embody sooner settlement, fractional possession, decrease transaction prices, the potential for twenty-four/7 buying and selling, and giving non-US residents entry to common US shares.
Crypto Markets Bounce on Trump Deal
Crypto markets have recovered from their Saturday stoop immediately following the newest announcement from US President Donald Trump, who mentioned on Fact Social that an settlement has been “largely negotiated, topic to finalization between america of America, the Islamic Republic of Iran, and the varied different international locations.”
The deal would come with reopening the Strait of Hormuz, and “ultimate facets and particulars of the deal are at present being mentioned and will probably be introduced shortly,” he added.
Bitcoin reclaimed $77,000 in early buying and selling on Sunday following its dip to a five-week low of $74,200 on Saturday.
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