Securities and Exchange Commission (SEC) leadership unveiled a concrete plan for an “innovation exemption” at ETHDenver Wednesday, signaling a pragmatic but cautious pathway for trading tokenized securities in U.S. markets. SEC Chair Paul Atkins and Commissioner Hester Peirce detailed an incremental framework that allows crypto companies to facilitate limited trading of blockchain-based traditional assets, effectively creating a regulatory sandbox for Real World Assets (RWAs). Discover: The best meme coi ...

Core Insights - Momentum toward comprehensive market structure legislation in the U.S. crypto markets is evident, with Congress aiming to clarify the roles of securities and commodities regulators, although progress has stalled over stablecoin yield disagreements [1] - Public blockchains are transitioning from regulatory outliers to integral components of the U.S. financial system, necessitating tailored regulations [1] - The diversity of industry stakeholders supporting the market structure bill indicates its urgency and adequacy for becoming law [1] Stablecoins - Significant progress has been made in stablecoin legislation, providing clarity on issuance, reserves, and supervision, which enables U.S. companies to compete with offshore issuers [6] - Consumer protection is enhanced by ensuring robust reserves, while the dominance of the dollar in global digital markets is reinforced [6] - Ongoing negotiations may jeopardize these advancements as large banks seek to influence the regulatory framework [6] Traditional Finance Integration - There have been meaningful advancements in integrating crypto infrastructure with traditional financial markets, fostering confidence among banks, fintechs, and asset managers [7] - Key regulators, including the SEC and CFTC, are preparing for a financial system characterized by tokenized securities and decentralized finance, indicating a shift towards cooperative regulation [7] Decentralized Finance (DeFi) - DeFi remains challenging to regulate, but discussions have matured, with regulators acknowledging the need for distinct frameworks for decentralized protocols [8] - Lawmakers are urged to avoid overly rigid regulations that could deter DeFi protocols from implementing necessary safety and compliance measures [9] Regulatory Environment - The SEC's leadership has shifted towards modernizing securities laws for a tokenized world, moving away from regulation by enforcement [10] - Legislative stability is needed to solidify regulatory gains and maintain confidence among U.S. crypto builders [10] Crypto Values - Over the past year, crypto values have gained clearer expression in policy discussions, although tensions between enabling freedom and addressing governmental concerns persist [12] - Progress has been made in areas like repealing the IRS DeFi Broker Rule, but comprehensive tax reforms remain necessary [13] Business Environment - The regulatory tone has shifted from hostility to engagement, creating a more predictable and fair business environment for crypto entrepreneurs [16] - Despite improvements, challenges such as state-by-state regulatory fragmentation continue to impose costs on startups [17] Future Outlook - The next phase of U.S. crypto leadership will rely on builders to leverage the opened doors of policy, with the potential for significant economic growth if they succeed [20] - Consolidating recent gains in market structure legislation and deepening commitments to privacy and decentralization are crucial for future progress [21] - Achieving the goal of becoming the crypto capital of the world is now seen as attainable, contingent on principled and ambitious actions from lawmakers and industry actors [22]

The U.S. Securities and Exchange Commission (SEC) is weighing in on a newly emerging asset class known as tokenized securities. The move follows joint guidance from the SEC’s Division of Investment Management, Division of Corporation Finance, and Division of Trading and Markets. US SEC Says Tokenized Securities Fall Under Its Umbrella The SEC stated that tokenized assets will fall under its regulatory oversight and will be subject to similar disclosure, registration, and compliance requirements. In its ...

SEC clarifies rules for tokenized securities, placing asset class under federal securities laws https://t.co/hm9ZYGU8XK ...

🇺🇸 JUST IN: The SEC released guidance clarifying how federal securities laws apply to tokenized securities.It also outlines the distinction between issuer-sponsored and third-party tokenization models. https://t.co/hohs8JDw8Z ...

The SEC said tokenized securities fall into two categories: issuer-sponsored and third-party sponsored. Issuer-sponsored tokenized securities are treated the same as traditional securities. Third-party tokenized securities may not provide holders with rights to the underlying securities and, in some cases, may be classified and regulated as security-based swaps. https://t.co/UJZceCKsJk ...

Group 1: Stock Market Movements - Logitech (LOGI), NetApp (NTAP), and CDW (CDW) saw declines of 6%, 4%, and 2% respectively after Morgan Stanley downgraded all three, citing a "perfect storm" for IT hardware due to the slowest corporate spending in 15 years outside of COVID-19 [4] - The downgrade was influenced by a 4Q CIO survey indicating softer demand, with resellers expecting 30%-60% of customers to cut budgets for PCs, servers, and storage amid rising component prices [4][5] - The hardware down-cycle is expected to last three to five quarters, with CDW downgraded to Equal-Weight (PT $141), Logitech to Underweight (PT $89), and NetApp to Underweight (PT $89) [5] Group 2: NYSE Developments - The New York Stock Exchange (NYSE) is developing a platform for 24/7 trading of tokenized U.S.-listed equities and ETFs using blockchain technology [5][6] - This platform aims to enable instant settlement, dollar-sized orders, and stablecoin-based funding, although the launch date has not been disclosed [6] - The initiative is part of Intercontinental Exchange's (ICE) broader digital strategy, which includes enhancing clearing infrastructure for 24/7 trading and supporting tokenized deposits [7][8] Group 3: Tesla and EV Market - Tesla (TSLA) is expected to benefit from Canada's decision to reduce tariffs on Chinese-made electric vehicles (EVs) from 100% to 6.1%, allowing 49,000 EVs to be imported annually [9][10] - The EV quota may increase to 70,000 within five years, with half reserved for vehicles priced under C$35,000 ($25,192), which does not include Tesla's models [11] - Tesla's largest plant in Shanghai is already equipped to produce a Canada-specific version of its Model Y, which was previously shipped to Canada before the tariff imposition [10]

The New York Stock Exchange is working on a new platform that could let investors trade tokenized U.S. stocks and ETFs at any time, day or night. The system blends its current trading infrastructure with blockchain tech to enable instant settlement and remove the limits of market hours. It’s not live yet, but if regulators give it the green light, the NYSE could be the first major exchange to offer nonstop trading on real equities. What This Platform Will Actually Do This isn’t about creating entirely n ...

Core Viewpoint - The exchange is pursuing regulatory approval for a "tokenized securities platform," which aims to innovate the way securities are issued and traded [1] Group 1 - The platform is designed to enhance liquidity and accessibility in the securities market [1] - It represents a shift towards digital assets, aligning with broader trends in financial technology [1] - The initiative could potentially attract a new class of investors who are interested in tokenized assets [1]

Core Insights - Privacy coins Canton and Midnight have outperformed the market, with Zcash and Monero also showing gains following the announcement by the Depository Trust & Clearing Corporation (DTCC) to issue tokenized securities on the Canton Network [1][2] - The overall cryptocurrency market experienced a slight dip due to negative U.S. employment data, but the news from DTCC acted as a catalyst for the rally in privacy coins [2] - DTCC, which handles $3.7 quadrillion in transactions annually, will begin minting U.S. Treasuries on Canton's blockchain in the first half of 2026, with plans to expand the project in subsequent years [3][4] Market Performance - Canton has gained 7% to $0.07615, while Midnight is up 2.5% to $0.06397 in the past 24 hours [1] - Zcash and Monero have increased by 2.9% and 1.5% respectively, with Zcash being integrated as the default privacy rail by DEX aggregator ShapeShift [1][4] - Zcash has risen over 650% since mid-September, while Monero is up 100% in the past year, contrasting with Bitcoin's 16% decline [5] Strategic Developments - DTCC will take a leadership role in Canton's decentralized governance and co-chair the Canton Foundation alongside Euroclear [4] - The launch of Canton and Midnight has positively impacted the privacy coin market, with Midnight up 170% since its launch on December 9 [6] - Digital Asset, the parent company of Canton, has secured strategic investments from major firms like BNY, Nasdaq, and S&P Global, and reported $135 million in total funding [6]