The SEC was ready to release at least some part of the innovation exemption alongside its now-canceled open meeting for "Reg Crypto" on Friday.
- The SEC has delayed its planned 'innovation exemption' for tokenized securities due to concerns from the White House and Wall Street firms.
- The White House fears the exemption could complicate ongoing congressional negotiations on crypto legislation, while financial institutions argue for a formal rulemaking process.
- This delay occurs despite growing momentum in tokenization, with projections of a multitrillion-dollar market and ongoing infrastructure development by major exchanges.
Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Institutional capital inflows
Tags: #sec #innovationexemption #tokenization #tokenizedsecurities #whitehouse #wallstreet #digitalassetmarketclarityact #sifma #regulationnms #blockchain