SEC Delaying Plan to Allow Crypto Versions of US Stocks: Report

The SEC has delayed releasing its 'innovation exemption' framework that would allow crypto versions of US stocks to trade on decentralized platforms 24/7, as the agency weighs concerns from traditional stock exchanges and market participants. The framework would permit third-party tokenized versions of stocks like Apple and Tesla to be issued and traded without company consent, but exchanges like Nasdaq and the World Federation of Exchanges warn this could dilute investor protections and fragment liquidity.