49:50 rejected for two days, the SEC did what Congress wouldn’t dare to do
On September 17, SEC Chair Atkins issued the “Innovation Exemption”: U.S. listed stocks, after being tokenized, can be directly traded on-chain, with a 5-year pilot period.
In the future, Apple stock could just be a token—dividends and voting rights stay the same, but settlement changes from T+1 to seconds.
The most dramatic part is the timing: two days ago, at 49:50, the Senate narrowly—by one vote—rejected the crypto legislation CLARITY Act.
Since Congress won’t act, regulators will do it themselves.
But don’t rush to shout “all U.S. stocks will go on-chain”—look at how strict the conditions are:
Only serious about equity; synthetic products and “price shadows” are all banned. The company has veto power—if you want to tokenize my shares, you must give a 30-day notice period; I can refuse. There are also volume limits—if a main board suspends trading, on-chain trading will stop along with it.
The SEC opened the door for blockchain—but holds the reins in its own hands.
The market votes with its feet: after the news landed, $ETH rose about 6% in a single day to break above $2,580.
Robinhood jumped 9.6%, and Bitcoin reclaimed the level above 77,000.
Meanwhile, the current tokenized-stock “plate” is only $3.2 billion, which has grown 12x in a year; on the other side is the U.S. stock market worth $770 trillion—this is just a crack in the door.
For retail investors: in the first wave, what you’re getting isn’t “stocks”—it’s the water-seller side of things: settlement, liquidity, and public chains are all necessities. But the 5-year pilot could be tightened at any time—don’t treat this as the final answer.
What do you think: will the NYSE really move on-chain?
$AAPL $BTC
#SEC主席拟推动股市上链
On September 17, SEC Chair Atkins issued the “Innovation Exemption”: U.S. listed stocks, after being tokenized, can be directly traded on-chain, with a 5-year pilot period.
In the future, Apple stock could just be a token—dividends and voting rights stay the same, but settlement changes from T+1 to seconds.
The most dramatic part is the timing: two days ago, at 49:50, the Senate narrowly—by one vote—rejected the crypto legislation CLARITY Act.
Since Congress won’t act, regulators will do it themselves.
But don’t rush to shout “all U.S. stocks will go on-chain”—look at how strict the conditions are:
Only serious about equity; synthetic products and “price shadows” are all banned. The company has veto power—if you want to tokenize my shares, you must give a 30-day notice period; I can refuse. There are also volume limits—if a main board suspends trading, on-chain trading will stop along with it.
The SEC opened the door for blockchain—but holds the reins in its own hands.
The market votes with its feet: after the news landed, $ETH rose about 6% in a single day to break above $2,580.
Robinhood jumped 9.6%, and Bitcoin reclaimed the level above 77,000.
Meanwhile, the current tokenized-stock “plate” is only $3.2 billion, which has grown 12x in a year; on the other side is the U.S. stock market worth $770 trillion—this is just a crack in the door.
For retail investors: in the first wave, what you’re getting isn’t “stocks”—it’s the water-seller side of things: settlement, liquidity, and public chains are all necessities. But the 5-year pilot could be tightened at any time—don’t treat this as the final answer.
What do you think: will the NYSE really move on-chain?
$AAPL $BTC
#SEC主席拟推动股市上链
利好比特币
65%
利空比特币
35%
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