SEC Decision Shakes Cryptocurrency Market: “Five-Year Exemption Granted!”
Key Highlights The U.S. Securities and Exchange Commission has granted a five-year temporary “innovation exemption” allowing Tokenized Securities Platforms (TSVs) to conduct on-chain trading of tokenized U.S. stocks under specific conditions. Tokenized shares must be physically backed with identical rights to traditional shares—including dividends and voting rights—while synthetic price-tracking assets are explicitly excluded. Issuing companies ...