Current outcome
CFTC Chair Michael Selig told the US Treasury Market Conference that financial markets should prepare for 'mass tokenization' of real-world assets with near-instant settlement, as the SEC simultaneously moves toward permitting onchain stocks despite the CLARITY Act setback.
Progress timeline
5 material updates- #01
Why a new SEC plan could ease a legal headache for tokenized securities
A new SEC plan could remove legal obstacles to holding tokenized securities, potentially easing compliance burdens and unlocking broader institutional adoption of on-chain equities and debt.
Source evidence: CoinDesk
- #02
SEC rolls out long-awaited 'innovation exemption' for tokenized securities venues
The SEC issued a blanket 5-year innovation exemption permitting tokenized securities venues to list and trade tokenized securities without registering as exchanges.
State after update: The SEC has issued a 5-year innovation exemption allowing tokenized securities venues to list and trade without exchange registration.
Source evidence: CoinDesk
- #03
It’s here — SEC releases long-awaited innovation exemption to ‘bring America’s capital markets into the digital age’
The SEC released its long-awaited innovation exemption, framing it as a response to the Senate's inability to pass crypto legislation.
Source evidence: The Block · Cointelegraph · TradingView · 조선일보 · Decrypt · TradingView · The News International · CoinDesk · CoinDesk · CryptoSlate · CoinDesk
- #04
Coinbase and Circle Stocks Gain 5% as SEC Opens a Five-Year Tokenized-Stock Lane - ts2.tech
The SEC has opened a five-year regulatory pathway for tokenized stocks, sending Coinbase and Circle shares up 5%.
Source evidence: ts2.tech · Yahoo Finance Australia · CoinDesk · CryptoSlate · CoinDesk · Cointelegraph · Decrypt · NewsCord · Crypto News
- #05
CFTC chair pushes tokenization as SEC opens door to onchain stocks
CFTC Chair Michael Selig told the US Treasury Market Conference that financial markets should prepare for 'mass tokenization' of real-world assets with near-instant settlement, as the SEC simultaneously moves toward permitting onchain stocks despite the CLARITY Act setback.
Source evidence: Cointelegraph