SEC Plans to Introduce Two Initiatives to Allow Tokenized Trading of Securities and Provide Customized Issuance Mechanisms for Crypto Investment Contracts

Odaily News: As the CLARITY Act (Cryptocurrency Market Structure Act) stalls in the U.S. Congress, the SEC plans to roll out two initiatives in the coming days. The SEC announced it will hold a public meeting on Friday to discuss creating a customized issuance mechanism for certain investment contracts involving crypto assets. The SEC also plans to unveil an "innovation exemption" initiative soon, allowing the trading of tokenized versions of securities.