SEC working on ‘narrower’ exemption for tokenized securities: Hester Peirce

SEC Commissioner Hester Peirce announced the agency is working on an innovation exemption for tokenized securities, but it will be more restrictive than a previously discussed 'blanket' exemption. The SEC Investor Advisory Committee (IAC) had recommended against a sweeping exemption, citing concerns about investor protection and the need for traditional securities regulations to apply. The IAC suggested a targeted, rule-by-rule reform approach instead. While acknowledging the benefits of tokenized securities, such as faster settlement and improved information flow, the SEC aims to balance innovation with investor safety through controlled experimentation and the development of a long-term regulatory framework.

(Source：The Block)