SEC Opens Door to Tokenized Stocks; Bitcoin Rebounds
The SEC issued a five-year innovation exemption allowing specialized trading platforms to trade tokenized U.S. stocks without registering as traditional exchanges. The decision, announced last Thursday, permits venues to list up to 75 large or 250 less liquid stocks, with volume caps and conditions including automatic trading halts and public smart contracts. Bitcoin climbed above $81,000, partly driven by this news and a short squeeze. Tokenization firms like Securitize, Bullish, Coinbase, and Robinhood saw share gains. The article also discusses privacy coin rallies and NEAR's routing role in token swaps, but the core news is the regulatory shift.
- •The SEC issued a five-year innovation exemption for trading tokenized securities venues.
- •Venues can list a maximum of 75 large U.S. stocks or 250 less liquid names.
- •Bitcoin rose to around $81,500, up 1.3% in 24 hours.
