Morning Edition · Sunday, September 20, 2026Published at 1:45 AM EDT · New York

The SEC Granted Tokenized Stock Venues a Five-Year Exemption, and Peter Schiff Called It Bearish for Bitcoin

The order lets permissioned automated market makers trade tokenized shares outside the legal definition of an exchange, provided token holders keep dividends and voting rights.

The Securities and Exchange Commission (SEC) issued what it calls an innovation exemption, granting temporary conditional relief to venues that bring together buyers and sellers of tokenized shares of stock listed on major United States exc…