The Securities and Exchange Commission has pumped the brakes on its highly anticipated “innovation exemption” for tokenized stocks, pushing back the release of the framework as it weighs input from traditional stock exchanges and other market participants wary of the plan’s sweeping implications, according to Bloomberg reporting.

The SEC, under Chair Paul Atkins, was preparing to release the so-called innovation exemption as soon as this week.

The framework would create a new regulatory pathway allowing digital tokens linked to publicly traded company shares to trade on decentralized crypto platforms — 24 hours a day, seven days a week — bypassing the constraints of…

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