SEC

SEC opens door to tokenized U.S. stock trading. Here’s who could benefit
The five-year experiment gives DeFi-style trading venues, tokenization firms and liquidity providers a new U.S. pathway while leaving synthetic stock tokens outside the framework.

SEC rolls out long-awaited 'innovation exemption' for tokenized securities venues
The U.S. Securities and Exchange Commission issued a blanket 5-year exemption for listing and trading tokenized securities without registering as an exchange.

SEC's Atkins backs Clarity Act but says agency will keep pushing crypto rules without it
The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory push.

Why a new SEC plan could ease a legal headache for tokenized securities
The SEC's new proposal to overhaul transfer-agent rules could eliminate duplicate offchain shareholder records, reducing reconciliation costs and legal uncertainty for tokenized securities.

SEC drops 'Reg Crypto' rulemaking: do we still need Clarity?
CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on President Trump's White House remarks about bringing Hyperliquid onshore, then dig into Judge Vernon Oliver's Connecticut ruling that slammed the CFTC's emergency order in the Kalshi fight. Alexander Zozos, General Counsel of Superstate and a former SEC staffer, joins the hosts to break down what “Reg Crypto” actually does: two fundraising exemptions plus a safe harbor that acts as a "barbell" on when securities laws apply, solving crypto's "Hotel California" problem of checking in but never checking out. Plus, Rebecca and Renato debrief on whether the rule is a foundation or a window, and name crypto lawyers as their Person of the Week.

U.S. SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns
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.

SEC's Hester Peirce’s parting advice for crypto
CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the current state of crypto and the industry's evolution before digging into the George Santos CFTC settlement and the ColdCard hardware wallet hack. They are joined by SEC Commissioner Hester Peirce, who is departing the agency for academia after nearly a decade of service. Peirce reflects on the legacy she hopes to leave and shares a piece of parting advice for the industry. Plus, insights into what the SEC can and can't do on crypto rulemaking if the CLARITY Act fails, though she remains “optimistic” that the bill will pass. And, Rebecca and Renato name Senators Thom Tillis (R-NC) and Ruben Gallego (D-AZ) as their bipartisan Person of the Week for the ethics compromise they delivered to the White House. - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

SEC to review Nasdaq bitcoin options approval after CME challenge
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.

The SEC settles with Coinbase over its missing Gary Gensler texts
A new court status report reveals the agency will pay a flat fee to resolve a two-year fight over what former Chair Gary Gensler knew about Ethereum.

SEC's Peirce warns some DeFi vaults, onchain lending may fall under securities laws
The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured.
