SEC Innovation Exemption and New Regulatory Developments in Crypto

The SEC has introduced an Innovation Exemption that legalizes tokenized U.S. stock trading. Additionally, the CFTC has exempted wallet providers from broker registration requirements. Meanwhile, the NYSE is collaborating with Avalanche to develop a 24/7 on-chain trading platform. Other developments include a Bank of Japan rate hike, Bitcoin surpassing $77,000, JPMorgan's outlook on Bitcoin as a potential gold alternative, and U.S. Treasury sanctions against Iran's BitBank.