SEC Moves Toward Purpose-Built Crypto Regime and Tokenized Equity Exemption
Regulator is drafting a bespoke investment framework for digital assets alongside an exemptive pathway for tokenized stock trading, according to reporting, in what would be the most consequential US market-structure shift since decimalization.
The SEC is preparing a dedicated crypto investment regime plus an exemption enabling tokenized equities, per Bloomberg. The move would legitimize on-chain securities distribution and pressure incumbent exchanges and clearing infrastructure to defend order flow.