[U.S. Securities and Exchange Commission Introduces Innovation Exemption, Opening a Compliance Path for Tokenized U.S. Stocks on Blockchain] On September 17, the U.S. Securities and Exchange Commission (SEC) introduced the Innovation Exemption, providing a compliance pathway for trading tokenized U.S.-listed stocks on blockchain. Eligible tokenized securities trading venues (TSVs) can conduct tokenized stock trading on public permissionless blockchains via automated market makers (AMMs) and liquidity pools without registering as national securities exchanges. The exemption is valid for 5 years and applies only to genuine tokenized stocks with full shareholder rights, excluding synthetic products that merely track prices. (Source: Crypto in America)