(May 23): The Securities and Exchange Commission (SEC) is delaying a plan to provide broad exemptions for US crypto firms to trade tokenised assets linked to stocks, according to people familiar with the matter.

The SEC’s staff was preparing to release its so-called innovation exemption for tokenised stocks as soon as this week, according to the people, who asked not to be named while discussing the commission’s business. A draft of the plan had been prepared and reviewed by staff. 

But the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants who have held discussion with agency staff in the past few days to learn details of the plan. One part that has raised…