SEC announcement of five-year tokenized-stock innovation exemptions

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools. https://t.co/VDi7Oty2d9

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The exemptions are set to expire five years after publication. The order solicits public comment about possible modifications to the exemptive relief and potential next steps.

Read more below ⬇️ sec.gov/newsroom/press…