The U.S. Securities and Exchange Commission has delayed its planned innovation exemption for tokenized stocks. Commissioner Hester Peirce clarified that the rule would cover only digital versions of actual equities and not synthetic tokens.
SEC Commissioner Hester Peirce posted on X on Thursday and Friday to address the upcoming rule. She said the proposal is limited in scope and would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.
