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Politics

SEC unveils exemption for tokenized stock trading

The Hill · September 17, 2026 at 9:28 AM

SEC unveils exemption for tokenized stock trading

The Securities and Exchange Commission (SEC) unveiled its long-awaited “innovation exemption” Thursday, a new order aimed at clearing the way for tokenized stock trading in the U.S.

The order creates a pair of five-year exemptions.

The first exempts platforms that host tokenized stock trading from the commission’s definition of an exchange, while the second exempts...

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