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Sep 12 Sep 13 Sep 15 Sep 17 Sep 19 $81.2k $79.3k $77.4k $75.5k 24h High High $81,331 24h Low Low $76,252 Vol Vol $1.9B Market projections Odds by Myriad Today $80,000 to $82,000 $80k–$82k 83 % chance This week $80,000 to $82,000 $80k–$82k 83 % chance Price data by CoinGecko CoinGecko More Bitcoin news and projections → 🏛️ The SEC Just Did What the Clarity Act Couldn’t
Two days after the Senate blocked the Clarity Act 49 to 50, the SEC approved an Innovation Exemption letting qualifying venues trade tokenized US stocks on public blockchains without registering as national exchanges. SEC Chair Atkins said that since Congress was unsuccessful, the Commission is taking a significant step within its statutory authority.
Platforms called Tokenized Securities Venues can run tokenized equities through automated market makers and liquidity pools on permissionless chains. Firms providing that liquidity get separate relief from dealer registration. There’s no application queue—a firm that meets the requirements notifies the SEC and starts operating. It took effect immediately and runs five years.
There are two key limitations to be aware of. The exemption covers only real tokenized stocks carrying full rights including dividends and voting, which excludes the price-tracking synthetics that have driven offshore volume. And an unaffiliated party can tokenize a company’s stock, but the issuer gets 30 days to object and effectively stop there shares from being tokenized and traded. So companies do retain some power here.
That second provision lands directly on the fight AMC’s Adam Aron picked two weeks ago when he called Robinhood’s stock tokens contemptible and vile and threatened to involve the SEC. He now has the mechanism he was asking for. Robinhood and Coinbase had already announced redemption and voting rights were coming, which happens to be exactly what the exemption requires.
This came on the same day that S&P Global acquired Open Zeppelin . S&P Global Ratings framed it as bringing trusted data, benchmarks, and transparent risk assessment to markets moving onchain. In practice: if tokenized funds and stablecoins become real institutional instruments, someone has to assess whether the contract holding the assets is sound, not just whether the issuer is.
So the clear takeaway is this—everything in traditional finance is coming onchain. Stocks, commodities, and all other types of assets will become tokenized and traded on blockchains globally, permissionlessly and 24/7. It’s just a matter of time. And this move from the SEC was a huge step forward in making that happen sooner than later…