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1. SEC Further Delays Tokenization “Innovation Exemption”, Awaiting Clarity Act Outlook link

According to crypto journalist Eleanor Terrett, the SEC’s token‑related “innovation exemption” initiative has been further delayed, with details not expected to be released anytime soon. Sources note that one contributing factor may be ongoing negotiations among stakeholders over token‑provisions in Section 10505 of the Clarity Act. Should the SEC move forward with measures via the innovation exemption, it could undermine compromises reached around that section. As a result, the exemption may remain on hold until the path forward for the Clarity Act becomes clearer. The SEC still plans to hold a public meeting at a later date to discuss new rules and exemptions for crypto‑asset financing transactions, namely Regulation Crypto Assets.

The innovation exemption proposal would potentially allow public companies to oppose third‑party tokenization of their stocks, and may require relevant trading platforms to be U.S.‑based entities with strengthened anti‑money‑laundering controls. The SEC originally planned to release the exemption in May but postponed it following feedback from stock exchanges, public companies and other market participants. Meanwhile, the Clarity Act has previously stalled amid partisan disputes over ethics restrictions for public officials regarding crypto‑related activities. Senate Majority Leader John Thune has filed a cloture motion in preparation for a procedural vote in mid‑September.