SEC Approves Five-Year Exemption Letting Crypto Venues Trade Tokenized U.S. Stocks Onchain, Subject To Symbol And Volume Limits; Seeks Public Comment

The SEC has approved a five-year exemption allowing cryptocurrency venues to trade tokenized U.S. stocks on-chain, subject to specific symbol and volume limits. This decision aims to facilitate innovation in the trading of tokenized National Market System (NMS) stocks. The SEC is also seeking public comments on this exemption, which could impact the trading landscape for companies like Coinbase (COIN).