SEC Delays Tokenization ‘Innovation Exemption’ Again Amid Clarity Act Talks

The SEC is unlikely to unveil its tokenization “innovation exemption” in the near term, as the initiative remains delayed amid stakeholder negotiations over provisions of the Clarity Act, according to crypto reporter Eleanor Terrett.

The discussions involve Section 10505 of the legislation, Terrett reported, citing sources. The SEC proceeding with its exemption before those negotiations are settled could affect compromises currently under consideration.

The regulatory agency separately called off a public meeting set for Friday on proposed rules to create a tailored offering regime for certain investment contracts involving crypto assets under ‘Regulation Crypto Assets.’ The meeting was to consider a tailored offering regime for certain investment contracts involving crypto assets, but an unforeseen scheduling issue led the SEC to postpone it.

Despite the schedule change, an SEC spokesperson said the agency intends to keep working toward clearer regulation for the crypto sector.

Source: Eleanor Terrett