Regulation· ★★★★· bullish·

SEC's Jamie Selway pushes bipartisan support for tokenization and crypto

  • Selway champions "innovation without arbitrage": a tokenized stock is still a stock under the same rules
  • On September 17, 2026, the SEC issued a five-year "Innovation Exemption" for trading tokenized NMS stocks
  • The exemption permits AMM-style liquidity pools for tokenized stocks without full exchange registration
  • Nasdaq and NYSE have both signaled plans to build platforms for trading tokenized securities
Why it matters: The SEC is effectively writing tokenization rules on its own while digital asset legislation stalls in the Senate, accelerating traditional exchanges' move onto blockchain rails.
Source: Crypto Briefing