That's confirmed — *huge today, Sep 17*.
$ONE $AVA $GENIUS
*SEC Innovation Exemption — official 9am ET press release from Chair Paul Atkins:*
- *5-year conditional exemption* for "Tokenized Securities Venues" (TSVs) from full exchange registration (Nasdaq/NYSE rules)
- Allows *tokenized NMS stocks* (real US stocks) to trade via *permissioned AMMs + liquidity pools on public, permissionless blockchains* — smart contracts must be public, auditable, on public chain
- Liquidity providers also get *5-year dealer registration exemption* if supplying tokenized stock via prop capital
*Key guardrails:*
- Must be *1:1 real share* — same dividends, voting rights, etc. *Synthetic/derivative tokens banned*
- Before listing third-party tokenized stock, venue must *notify issuer + give chance to object* — if issuer says no, can't list. This after AMC CEO vs Robinhood fight
- Trading must halt when primary exchange halts
- Limits on # of symbols and volume, public disclosure of ops + affiliate trading
- Effective immediately, file notice and operate, no SEC pre-approval. Comment period open for permanent rulemaking
*Why now:* CLARITY failed Senate 49-50 Tue, so SEC moves via exemption authority instead. Atkins: _"bring America's capital markets into digital age... permissioned environment today while Commission considers additional action.
Coinbase already said will launch US tokenized stocks when allowed, Kraken/Robinhood already do overseas. WSJ: Citadel Securities opposed, wants full notice-and-comment.
This is first pathway to *24/7 instant-settled US stocks on-chain with self-custody + fractional.#ParadigmDisclosesZECHolding #USWeeklyJoblessClaimsFallTo196K #ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume
$ONE $AVA $GENIUS
*SEC Innovation Exemption — official 9am ET press release from Chair Paul Atkins:*
- *5-year conditional exemption* for "Tokenized Securities Venues" (TSVs) from full exchange registration (Nasdaq/NYSE rules)
- Allows *tokenized NMS stocks* (real US stocks) to trade via *permissioned AMMs + liquidity pools on public, permissionless blockchains* — smart contracts must be public, auditable, on public chain
- Liquidity providers also get *5-year dealer registration exemption* if supplying tokenized stock via prop capital
*Key guardrails:*
- Must be *1:1 real share* — same dividends, voting rights, etc. *Synthetic/derivative tokens banned*
- Before listing third-party tokenized stock, venue must *notify issuer + give chance to object* — if issuer says no, can't list. This after AMC CEO vs Robinhood fight
- Trading must halt when primary exchange halts
- Limits on # of symbols and volume, public disclosure of ops + affiliate trading
- Effective immediately, file notice and operate, no SEC pre-approval. Comment period open for permanent rulemaking
*Why now:* CLARITY failed Senate 49-50 Tue, so SEC moves via exemption authority instead. Atkins: _"bring America's capital markets into digital age... permissioned environment today while Commission considers additional action.
Coinbase already said will launch US tokenized stocks when allowed, Kraken/Robinhood already do overseas. WSJ: Citadel Securities opposed, wants full notice-and-comment.
This is first pathway to *24/7 instant-settled US stocks on-chain with self-custody + fractional.#ParadigmDisclosesZECHolding #USWeeklyJoblessClaimsFallTo196K #ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume
