🏛️ The SEC: Pushing Innovation and Exemptions
Tokenized Stock Exemptions: The SEC issued a landmark five-year conditional "innovation exemption" allowing registered Tokenized Securities Venues (TSVs) to facilitate the on-chain trading of national market system stocks using automated market makers (AMMs).Broker Relief: The exemption shields liquidity providers on these digital platforms from standard dealer registration requirements to rapidly bootstrap market liquidity.Shifting Policy: This moves away from the previous "regulation by enforcement" approach, replacing it with proactive frameworks like the proposed Regulation Crypto Assets to manage investment contracts.
Tokenized Stock Exemptions: The SEC issued a landmark five-year conditional "innovation exemption" allowing registered Tokenized Securities Venues (TSVs) to facilitate the on-chain trading of national market system stocks using automated market makers (AMMs).Broker Relief: The exemption shields liquidity providers on these digital platforms from standard dealer registration requirements to rapidly bootstrap market liquidity.Shifting Policy: This moves away from the previous "regulation by enforcement" approach, replacing it with proactive frameworks like the proposed Regulation Crypto Assets to manage investment contracts.