SEC Unveils Potential Exemption for Tokenized Securities, Aiming for Faster Innovation

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has signaled a potential breakthrough in the regulation of cryptocurrencies by announcing an exploration of exemption order to allow companies to utilize distributed ledger technology (DLT) for issuing, trading, and settling tokenized securities. This announcement came on the penultimate day of the SEC’s 31st International Securities Market Growth and Development Institute.