SEC Puts Tokenized Asset-Linked Stocks Plan On Hold

Regulators have reportedly paused plans to let cryptocurrency companies trade tokenized assets tied to stocks. The Securities and Exchange Commission (SEC) had been preparing to introduce its “innovation exemption” for tokenized stocks but has since put that plan on hold, Bloomberg News reported Friday (May 22), citing sources familiar with the matter. According to the report, the delay comes as the SEC considers input on the plan from stock-exchange officials and other market participants.