Strategy CEO: SEC's Five-Year Innovation Exemption May Become Permanent

Strategy CEO Phong Le stated that the five-year temporary exemption granted by the SEC could eventually become a long-term norm. He argued that once investors experience the benefits of faster, modernized, and 24/7 markets, there will be no turning back regardless of political leadership changes. The SEC previously issued an order providing a five-year conditional exemption for tokenized securities trading venues, allowing them to utilize permissioned automated market makers and liquidity pools for trading tokenized U.S. National Market System (NMS) stocks.