The Securities and Exchange Commission is preparing to launch a framework for trading blockchain versions of popular Wall Street-listed stocks, according to a report published on Tuesday.
Will SEC Release Framework This Week?
The agency is expected to release its "innovation exemption" for trading tokenized stocks as early as Friday Bloomberg reported, citing people familiar with the matter.
The report mentioned that officials are still “working on the proposal,” and details may change before its release.
The SEC didn’t immediately return Benzinga’s request for comment.
Notably, the agency announced it will hold an open meeting Friday "to create a tailored offering regime for certain investment contracts involving crypto assets."
Similar reports emerged in May, but the agency opted to delay the release as it weighed comments from stock-exchange officials, public companies and other market participants.
