In brief
- The World Federation of Exchanges urged the SEC to limit exemptions for crypto platforms.
- Tokenized stock products marketed without proper safeguards have “alarmed” the federation over possible risks.
- The SEC is weighing a sandbox-style framework that could allow temporary relief for crypto firms.
A federation of stock exchanges has sent a letter to the U.S. Securities and Exchange Commission, urging the regulator to remove special exemptions given to crypto firms offering tokenized stocks.
In a letter sent last week to the SEC’s Crypto Task Force, the World Federation of Exchanges, whose members include the Nasdaq, Cboe, and CME Group, told the agency that exemptive relief should not be used to fast-track crypto trading…
Nov 27 2025
