SEC Commissioner Hester Peirce proposed including trading volume caps and restrictions on the number and types of tokenised securities in the exemption, with ceilings that could be raised for firms with strong compliance track records

Quotes that support claims

Restrictions such as limiting the number and types of tokenized securities listed or traded or trading volume could mitigate risks to investors and markets. The SEC could raise these ceilings for a firm that has performed successfully at its initial limits.

Conditions for exemption include mandatory risk disclosures, operational transparency, and trading volume caps to mitigate investor exposure