🚨NEW: SEC Commissioner and Head of the Crypto Task Force @HesterPeirce gave an update on the long-awaited innovation exemption today, saying @SECGov staff are working on a “narrow” exemption that would allow limited trading of certain tokenized securities so firms can experiment with blockchain. Peirce suggested the version under consideration would be far more limited than the “blanket” exemption proposed by the SEC’s Investor Advisory Committee.(Eleanor Terrett)