🚨 The SEC’s new “Innovation Exemption” could accelerate onchain liquidity for tokenized equities. Its September 17 order creates a temporary five-year exemption for certain Tokenized Securities Venues, supporting onchain trading of tokenized NMS stocks through permissioned AMMs and liquidity pools. It does not make Uniswap a licensed stock exchange, but it gives tokenized-asset markets a clearer framework. That puts Uniswap and $UNI in focus. Uniswap already supports RWA infrastructure, with tokenized assets across its apps, deployments on Robinhood Chain, and an ecosystem of more than 430 tokenized stocks and ETFs. The key is volume. Uniswap’s fee system links trading activity to UNI burns. If regulated tokenized equities generate meaningful onchain volume, they could increase activity around that mechanism. The central question is: Where will tokenized-equity liquidity live? Uniswap is already one of the major pieces of that liquidity infrastructure. UNI closed at $7.81 on September 17, up from $6.00 on September 11, with roughly $1.2 billion in Bitget trading volume that day. Rather than chase the move, I’d watch whether UNI holds above $7.80. A breakout and retest could distinguish a short-lived RWA trade from broader repricing. The UNI Trading Club Championship on Bitget fits naturally into this setup. I’m watching price, volume and the tokenized-equity narrative together. #Macro Insights#