SEC Delays Announcement of Exemption System for Tokenization of U.S. Stocks, Citing Shareholder Rights Issues by Third Parties

The U.S. Securities and Exchange Commission (SEC) revealed on May 23 that it has postponed the announcement of the 'Innovation Exemption' system, which targets the trading of tokenized assets linked to U.S. stocks. Initially scheduled for release this week, the delay was reported by Bloomberg, citing multiple sources familiar with the matter. The SEC staff had already drafted and reviewed the document, but in recent days, issues have arisen concerning...