SEC Grants Innovation Exemption for Trading Stock Tokens Onchain, but Not Synthetics
Two days after the Senate failed to move forward the Clarity Act, the U.S. Securities and Exchange Commission granted five-year exemptive relief for the onchain trading of stock tokens that are 1:1 backed by the underlying with full voting rights, dividends, proxies, etc. According to the order,…
First reported by Unchained.
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