The U.S. Securities and Exchange Commission has postponed its planned “innovation exemption” for tokenized versions of U.S. stocks, citing concerns from market participants.

Citing people close to the matter, Bloomberg reported that a draft framework, poised for release as early as this week, now faces delays as the agency reviews feedback.

SEC Delays Plan To Allow Crypto Versions of US Stocks

This exemption aimed to let crypto firms and DeFi platforms trade blockchain-based representations of stocks like Apple or Tesla.

It promised 24/7 trading, faster settlement, and easier fractional ownership while keeping tokens classified as securities.

Stock exchange officials and industry players reportedly raised alarms…