⚡ SEC Rolls Out "Innovation Exemption" for Tokenized Securities The SEC has unveiled a 5-year "innovation exemption," letting tokenized securities venues run automated market makers and liquidity pools without registering as an exchange. Only tokens with real ownership, dividend, and voting rights qualify; synthetic derivatives are excluded. Chairman Paul Atkins said the SEC will "act decisively" within its existing authority, two days after the Digital Asset Market Clarity Act stalled in the Senate. $ONDO