Bloomberg: SEC to Allow Trading of Tokenized Stocks Without Issuer Consent

• The SEC is preparing an “innovation exemption” for tokenized securities.
• The regulator may allow the issuance of tokenized stocks without the consent of public companies.
• Such assets could trade on decentralized crypto platforms.
• Some SEC representatives oppose the initiative.

The administration of US President Donald Trump is preparing to introduce a new regulatory framework for trading tokenized securities.According to Bloomberg, citing sources familiar with the matter, the SEC may unveil the so-called “innovation exemption” as early as this week.

The mechanism would allow companies to experiment with tokenized stocks without immediately violating US securities laws.

According to Bloomberg’s sources, the SEC is considering allowing the trading of tokens created by third parties without approval from the stock issuers themselves.

The report states that this would effectively create a new class of instruments for speculating on the value of public company shares.

Such tokens could trade on decentralized crypto platforms.

At the same time, they would not necessarily grant holders the same rights as traditional shares, including voting rights or dividends, the report noted.

According to Bloomberg, the SEC plans to require platforms to provide certain basic investor protections.

If those protections are absent, platforms could lose the right to list such assets.

Journalists noted that the SEC previously stated that tokenized securities fall into two categories:

— tokens issued directly by issuers or on their behalf;

— tokens created by independent third parties.

Details of the new exemption are still being finalized.

An SEC representative stated that the agency has held hundreds of meetings with market participants to gather proposals on adapting rules for new trading formats.

Some SEC staff members oppose the idea of allowing trading in third-party tokenized stocks.

According to Bloomberg sources, one of the main supporters of the initiative is SEC Commissioner Hester Peirce, who is well known for her support of the crypto industry.

Earlier, Consensys CEO and founder Joseph Lubin predicted that tokenization would eventually encompass the entire global economy.

See also: "The US Senate Is Expected to Vote Within 30 Days on the Crypto-Focused Clarity Act, Seen as Bullish for the Market"

#U.S. Securities and Exchange Commission (SEC) #Token #Crypto Regulations #Shares

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