The U.S. Securities and Exchange Commission has pushed back its planned tokenization innovation exemption again, with no near-term release of details expected, according to crypto reporter Eleanor Terrett. People familiar with the matter said one possible reason is that tokenization language in Section 10505 of the CLARITY Act is still being negotiated among stakeholders. If the SEC were to move ahead through an "innovation exemption," it could disrupt the compromise being worked out around that section. Earlier, the SEC said a public meeting scheduled for today had been canceled because of a last-minute scheduling conflict and would be rescheduled for a later date. The latest delay leaves the agency’s tokenization-related relief path unresolved for now.
The U.S. Securities and Exchange Commission has delayed its tokenization innovation exemption again, and details are not expected to be released in the near term, according to crypto reporter Eleanor Terrett.
People familiar with the matter said one possible reason is that tokenization provisions in Section 10505 of the CLARITY Act are still being negotiated back and forth among stakeholders. If the SEC moves ahead with related measures through an "innovation exemption," it could upset the compromise being worked out around that section.
Earlier, the SEC said a public meeting scheduled for today had been canceled because of a last-minute scheduling conflict and would be postponed to a later date.
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