U.S. SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns
The source also said SEC staff have become increasingly focused on the agency's legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this effort may need to wait for the outcome of the Clarity Act. Resistance came from traditional financial institutions as well. SIFMA, the Wall Street trade group whose members include major broker-dealers and investment banks, has emerged as one of the main groups halting the SEC's initiative, according to an industry source familiar with the discussions.…





