The U.S. Securities and Exchange Commission (SEC) has delayed its "innovation exemption" plan that would allow the trading of tokenized stocks due to concerns from exchange officials regarding the implementation process. According to Bloomberg, SEC staff had reviewed the proposal for crypto-stocks, but a final decision has not yet been made. This is reported by Cointelegraph.com reports .
Under the SEC proposal, platforms offering tokenized stocks must guarantee investors the same rights as traditional shareholders, including dividends and voting rights. However, market participants have expressed concerns regarding the issuance of tokens by unauthorized third parties and the verification of ownership on blockchain systems.
During the Donald Trump administration, the SEC has been pursuing a more open policy toward crypto-financial products. This coincides with growing interest from Wall Street in tokenization and stablecoins. According to RWA.xyz, $34 billion in real-world assets are currently tokenized, with $1.55 billion of that consisting of stocks.
Crypto industry leaders are supporting the SEC's decision to delay. Securitize CEO Carlos Domingo emphasized the importance of applying exemptions to the right tools. Bullish exchange CEO Tom Farley noted that only public companies themselves should have the right to issue tokens for their own shares.
This delay occurred after SEC Commissioner Hester Peirce stated that the scope of this exemption should be limited and only support "digital representations" of securities in the secondary market. In January, the SEC categorized tokenized securities into "custodial" and "synthetic" types.
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