Odaily reported, citing CoinDesk, that the U.S. Securities and Exchange Commission is preparing to introduce an “innovation exemption” policy aimed at tokenization-related activities. The policy is expected not to sit at the highest level of the agency’s policy durability hierarchy.
A former SEC lawyer said the agency’s authority to exempt certain related activities from the application of securities laws remains difficult to reverse. The comment focuses on the SEC’s power to create exemptions for specific activities under its regulatory framework, even if the initial policy is not placed at the strongest level of durability within the agency.
SEC leadership also said the first version of the policy will be narrow in scope and limited in time. Based on the information provided, the planned arrangement is not described as a broad exemption for all tokenization activity, but as a more limited starting point for the agency’s tokenization-focused policy approach.