SEC Opens Door to Onchain Stock Trading With New ‘Innovation Exemption’
The US Securities and Exchange Commission has launched an “Innovation Exemption” that’s designed to facilitate secondary buying and selling of tokenized shares on blockchain-based protocols. Under the order, which was issued on September 17, Tokenized Securities Venues (TSVs) can obtain short-term, conditional aid from being categorized as exchanges underneath the Securities Exchange Act. The venues…
