The SEC is about to make a move that could bring the stock market and crypto closer together. It is doing it on its own, without waiting for Congress.

The agency has scheduled an open meeting on Friday to establish a new framework for how certain crypto-related investment contracts can be sold. It also plans to reveal an exemption that could allow 24/7 trading of tokenized securities, which are basically real stocks that live on a blockchain.

The agency could publish details as soon as Friday, according to unnamed sources familiar with the plans. SEC staff are still polishing the proposal, so it may change before release.

What the SEC Has Planned

A tokenized stock is a company’s share turned into a digital token that trades on a…