SEC Approves Temporary Conditional Waiver for Tokenized Stock Trading on Blockchain

The U.S. Securities and Exchange Commission (SEC) has approved a 'temporary conditional exemption' (innovation exemption) allowing limited trading of tokenized U.S. stocks in on-chain environments. SEC Commissioner Hester Peirce explained this as an experimental, transitional regulatory framework for on-chain stock trading. She emphasized that the regulator does not assume entities using this measure must be exchanges or dealers, stating they will observe how the system is implemented and operated in practice before determining future regulatory direction.