Morning Minute: SEC Approves ‘Innovation Exemption’ Moving Tokenized Stocks Forward

GM!

Today’s top news:

• Crypto majors are green with HYPE leading, alts soaring; BTC at $78k
• SEC announces innovation exemption for tokenized stocks; alts soar 10-20%
• CFTC issued no-action letter, easing broker rules
• Hyperliquid soared to $90+ and new ATH and introduced protocol lending/borrowing
• Onchain leaders post 10-30% gains following alts

$79.2k$78.0k$76.7k$75.5k

24h HighHigh$78,372

24h LowLow$75,972

VolVol$1.1B

Market projectionsOdds by Myriad

🏛️ The SEC Just Did What the Clarity Act Couldn’t

Two days after the Senate blocked the Clarity Act 49 to 50, the SEC approved an Innovation Exemption letting qualifying venues trade tokenized US stocks on public blockchains without registering as national exchanges. SEC Chair Atkins said that since Congress was unsuccessful, the Commission is taking a significant step within its statutory authority.

Platforms called Tokenized Securities Venues can run tokenized equities through automated market makers and liquidity pools on permissionless chains. Firms providing that liquidity get separate relief from dealer registration. There’s no application queue—a firm that meets the requirements notifies the SEC and starts operating. It took effect immediately and runs five years.