SEC Grants 5-Year 'Innovation Exemption' for On-Chain Stock Trading On September 17, 2026, U.S. SEC Chairman Paul Atkins @SECPaulSAtkins announced that the SEC will provide a 5-year conditional exemption for eligible tokenized securities trading platforms and certain liquidity providers to reduce regulatory barriers for on-chain securities trading. However, synthetic stocks cannot be traded, listed companies have the right to refuse tokenization of their stocks, and token holders must retain traditional shareholder rights such as dividends and voting. Source: U.S. Securities and Exchange Commission