Summary
The SEC issued a five-year “Innovation Exemption” allowing Tokenized Securities Venues to trade blockchain-based NMS stocks via permissioned AMMs without registering as exchanges, with parallel dealer-registration relief for liquidity providers. Tokenized shares must carry full equity rights (dividends, voting); issuers can veto tokenization; synthetic derivatives are excluded. The move follows the Senate’s failure to advance crypto market-structure legislation.
Source Analysis
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Research Notes
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Draft Article
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PreScreening Notes
Recency gate (hard reject): Reuters dateline confirms publication on 2026-09-17. At screening time 2026-09-20T09:27:19Z the article is ~57 hours old, exceeding the 48-hour window. Not scored further — substantive SEC policy move but no longer timely for publication.