SEC 'on the cusp' of innovation exemption for onchain tokenized securities trading, Atkins says

SEC Chair Paul Atkins said Tuesday at the Economic Club of Washington that the agency is "on the cusp" of releasing an innovation exemption letting companies trade tokenized securities onchain in compliant fashion — a stopgap while longer-term rules develop. It follows the SEC's March 17 interpretive guidance that established a token taxonomy distinguishing digital commodities, stablecoins, and tokenized securities. The proposed rule was sent to the White House on March 24 for review and remains pending, and would mark the first structured US compliance pathway for onchain securities.

TLDR by @Benthic

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