SEC approves an innovative exemption, allowing eligible tokenized securities trading platforms to trade tokenized U.S. stocks on public blockchains without registering as a national securities exchange. The exemption takes effect immediately and is valid for five years. On the same day, the CFTC issued a no-action letter, allowing passive software providers to connect to regulated derivatives without registering as introducing brokers. The exemption only covers genuine tokenized stocks with dividends and voting rights. Third-party tokenization must provide a 30-day objection period for the issuer. Eligible companies can notify the SEC and start operations.