SEC Delays Plans for Tokenized Stock Trading on Crypto Platforms

The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff. However, the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants, reported Bloomberg, citing people familiar with the matter on Saturday. The exemption would have allowe…