Wu Blockchain has learned that the U.S. Securities and Exchange Commission (SEC) announced that the SEC has officially approved a temporary conditional exemption framework (“Innovation Exemption”), allowing limited pilot trading of tokenized National Market System stocks (NMS stocks) on specific on-chain venues—namely Tokenized Securities Venues (TSVs). This exemption provides TSVs with temporary regulatory relief, enabling them to offer tokenized stock trading through permissioned automated market makers (AMMs) and liquidity pools without being directly classified as “exchanges” under the Securities Exchange Act of 1934. It also provides clear guidance for liquidity providers using proprietary funds to support market-making activities. https://www.(wublock123.com)/news/news-68566