Tokenization stocks slip as SEC delay puts 'speed bump' in cryptos Wall Street push
The moves followed CoinDesks report late Thursday that the Securities and Exchange Commission (SEC) was set to further delay its anticipated âinnovation exemption,â which is expected to make it easier for companies to offer trading in tokenized securities. Concerns from the White House and Wall Street over the proposals legal footing and potential market impact have held up the plan.ăăAdding to the uncertainty, the SEC canceled a meeting scheduled for Friday where commissioners planned to consider whether to propose new rules creating a tailored offering regime for certain investment contracts involving crypto assets.ăăThe impact wasnt limited to stocks. The innovation exemption had also been expected to provide some regulatory relief for trading through decentralized finance venues, meaning the delay reaches beyond publicly traded tokenization companies. Uniswaps UNI (UNI), the native token of the decentralized exchange, fell 7% over the past 24 hours, making it the weakest performer in the CoinDesk 20 Index both Friday and this week.ăăFor comparison, the Nasdaq 100, St necessarily change the longer-term story, according to Owen Lau, managing director and senior analyst at Clear Street.









