Just aligned the positions with two parties: it’s not like we’re going to go over that five-year exemption rehash again—the key is the timeline.
Taylor Lindman, Chief Legal Counsel of the SEC’s Encryption Working Group, said that under the already-effective “Innovation Exemption” framework, institutions are expected to see companies issue operational notices in the coming months; from the exemption taking effect to the first batch of notices, the delay will likely land around “sometime in the next quarter.” The firm should publicly spell out how it will operate, and notify the SEC within one business day after publication—that’s the first public signal for who’s ready to move in.
In the same interview, Commissioner Hester Peirce added: the number of eligible targets and the upper limit on deal size, according to her, is sufficient to support a workable business—not just a lab demonstration; the five-year window is more like a transition leading to longer-term rules. Before a third party can turn a listed company into a tokenized version for listing, it still needs to provide the issuer with an approximately 30-day objection period.
Independent verification: Odaily Flash 519459 and ChainCatcher 2291450 (2026-09-22) reported the same accounts of Lindman / Peirce in a consistent manner, without naming specific venues. The image shows an illustrative chart of regulatory takeaways—not a screenshot of any document, and not market data.
Data as of: 2026-09-22 13:40 UTC+8 (ChainCatcher 2291450; Odaily 519459)
For information sharing only and does not constitute investment advice.
#SEC #监管
Taylor Lindman, Chief Legal Counsel of the SEC’s Encryption Working Group, said that under the already-effective “Innovation Exemption” framework, institutions are expected to see companies issue operational notices in the coming months; from the exemption taking effect to the first batch of notices, the delay will likely land around “sometime in the next quarter.” The firm should publicly spell out how it will operate, and notify the SEC within one business day after publication—that’s the first public signal for who’s ready to move in.
In the same interview, Commissioner Hester Peirce added: the number of eligible targets and the upper limit on deal size, according to her, is sufficient to support a workable business—not just a lab demonstration; the five-year window is more like a transition leading to longer-term rules. Before a third party can turn a listed company into a tokenized version for listing, it still needs to provide the issuer with an approximately 30-day objection period.
Independent verification: Odaily Flash 519459 and ChainCatcher 2291450 (2026-09-22) reported the same accounts of Lindman / Peirce in a consistent manner, without naming specific venues. The image shows an illustrative chart of regulatory takeaways—not a screenshot of any document, and not market data.
Data as of: 2026-09-22 13:40 UTC+8 (ChainCatcher 2291450; Odaily 519459)
For information sharing only and does not constitute investment advice.
#SEC #监管
