SEC commissioner says conditional stock token approval is on-chain trading experiment

U.S. SEC Commissioner Hester Peirce said the agency’s approval of a temporary conditional exemption, described as an innovation exemption, to allow limited trading of tokenized U.S. stocks in on-chain environments is an experimental, transitional regulatory framework for on-chain equity trading. Peirce said regulators are not assuming entities using the measure will necessarily be exchanges or dealers. Instead, the aim is to observe who actually uses the framework and how it operates before deciding the future regulatory direction.