Hester Peirce Details SEC Innovation Exemption for Tokenized Securities
- —The SEC granted a five-year conditional exemption on September 17, 2026 for qualifying blockchain-based tokenized securities venues
- —The relief waives certain Exchange Act exchange and dealer requirements and permits permissioned AMM liquidity pools
- —A second form of relief covers certain liquidity providers designated as Covered Firms
- —Both exemptions expire five years after the order's publication
Why it matters: The exemption paves the way for legal U.S. tokenized equity trading on-chain and sets the groundwork for permanent SEC rules.
Source: The Crypto Times