SEC.gov | Slumber Number: Innovation Exemption Statement

Commissioner Hester M. Peirce

The innovation exemption has arrived. Today, the Commission issued an order containing time-limited exemptions designed to permit onchain trading of stocks listed on major U.S. exchanges. Adapting the Commission’s rules to new technologies is hard work, and I commend the Division of Trading and Markets, the Crypto Task Force, and other staff for their work on these exemptions. These exemptions enable market participants to experiment to be prepared for a future in which trading tokenized stocks onchain is commonplace. Taken together with the Division of Trading and Market’s April statement…

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• Maanav Khaitan

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