SEC Tokenization Rules Face Scrutiny Over Blockchain Access

Solana advocates clearer tests for validator control, while Hedera asks the SEC to include public but permissioned blockchains under its exemption. Twenty-two of 62 companies on OKXICE’s original list had objected to tokenization as of Friday, including Wells Fargo, Arm Holdings and Intuit. The SEC’s five-year exemption runs through September 17, 2031, with broader changes requiring Commission action and potential formal rulemaking. The U.S. Securities and Exchange Commission’s tokenization exemption is drawing questions over which blockchains can support tokenized stock trading.

Source: Crypto Front News