US SEC grants 5-year regulatory exemption for tokenized stock platforms

The US Securities and Exchange Commission (SEC) has announced a five-year 'innovation exemption' for platforms trading tokenized US stocks via automated market makers (AMM). Under this temporary measure, these platforms are exempt from traditional exchange regulations applicable to entities like the New York Stock Exchange or Nasdaq. The initiative is part of SEC Commissioner Paul Atkins' 'Project Crypto' to modernize rules for new technologies, though synthetic tokens are excluded from the exemption.