SEC Issues “Innovation Exemption” to Facilitate the Trading of Tokenized NMS Stock and Request for Comment
CRYPTD interpretation — regulatory information, not legal advice
The SEC granted temporary, conditional relief allowing Tokenized Securities Venues to trade tokenized NMS stocks without being treated as exchanges under the Exchange Act definition.
What changes
Eligible venues receive temporary, conditional exemptive relief, and the SEC is requesting public comment.
Who it affects
Tokenized Securities Venues and participants trading tokenized NMS stocks may be affected.
Practical implications
- Venues may need to satisfy the conditions attached to the temporary relief.
U.S. Securities and Exchange Commission
The Securities and Exchange Commission today issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues each a “TSV” from the definition of “exchange” in the Securities Exchange Act of 1934 (Exchange Act) to trade…
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