The US Securities and Exchange Commission (SEC) issued a conditional exemption on Thursday (September 17) that allows tokenized versions of US-listed stocks to trade on blockchain-based venues without those venues registering as national securities exchanges.
SEC Opens Door to Tokenized Stock Trading With New Five-Year Exemption
The SEC has introduced a new five-year exemption that could allow tokenized stock trading, according to Investing News Network. The move signals a potential regulatory pathway for securities represented and traded using blockchain-based…
Investing News Network
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Sep 22, 2026 at 7:07 PM UTC · Updated il y a une heure · 6 min de lecture
Key Signal
49 to 50 Senate cloture vote
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il y a une heure
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Points Clés
- The SEC's new exemption is set to run for five years.
- The exemption could enable trading of tokenized stocks.
- The development may provide greater regulatory clarity for blockchain-based securities activity.
The measure, dubbed the “Innovation Exemption,” runs for up to five years, the agency framing it as a temporary bridge to permanent rulemaking rather than a final rule.
What the Clarity Act would have done
The move swiftly followed the collapse of the Digital Asset Market Clarity Act in the Senate. A cloture vote on the bill fell short on September 15, with senators voting 49 to 50, 11 votes shy of the 60 needed to advance.
The Clarity Act would have assigned crypto regulatory authority across agencies, including new powers for the Commodity Futures Trading Commission (CFTC) over crypto spot markets. As it currently stands, the CFTC’s reach is limited to anti-fraud and anti-manipulation enforcement on derivatives; the agency has no authority to register or oversee crypto spot trading.
The bill would have given the CFTC exclusive federal jurisdiction over spot-market trading in tokens that qualify as digital commodities, and created three new registration categories:
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