The SEC’s Innovation Exemption opened the door to tokenized stocks, but left DeFi out. Here’s why it should adopt exchange and broker safe harbors
- The SEC's 'Innovation Exemption' allows trading of tokenized U.S. stocks on-chain but excludes decentralized finance (DeFi) protocols.
- DeFi advocates argue that truly decentralized exchanges (DEXs) do not fit the definition of traditional exchanges or brokers and require a regulatory safe harbor.
- The article calls for the SEC to adopt permanent safe harbors for DEXs and DeFi interfaces to provide legal certainty and foster innovation in the tokenized asset space.
Topics: Legal regulatory, Infrastructure providers, Integration with defi, Securities law classification, Tokenization platforms, Rwa collateral lending
Tags: #sec #innovationexemption #tokenizedstocks #defi #dex #exchangesafeharbor #brokersafeharbor #decentralizedfinance #regulatorycertainty #automatedmarketmakers
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