SEC plans to introduce an “innovation exemption” for tokenized stocks to allow stocks such as Apple to be traded on the chain around the clock

Comparatively, the US Securities and Exchange Commission (SEC) plans to launch two crypto-related initiatives in the next few days, while Congress's “CLARITY Act” will remain at a standstill until at least September. The SEC plans to propose “Regulation Crypto” at a public meeting on Friday to allow projects to be funded through token sales without completing full securities registration.

The SEC is also planning to introduce an “innovation exemption” for tokenized stocks, details of which may be announced on Friday. The exemption will allow tokenized versions of stocks such as Apple, Tesla, and Nvidia to be traded around the clock on the blockchain, and support fragmented transactions and near-instant settlement. Such tokens usually track economic exposure to stocks, but do not come with voting or dividend rights. The move is part of SEC Chairman Paul Atkins's “Project Crypto” agenda, and Robinhood Chain, Solana, and Base have all promoted related on-chain markets.

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