Tenev Pushes for Tokenized Stocks in America

Tenev's push lands at an awkward moment: the SEC's second shelving of its innovation exemption suggests the agency is not ready to accommodate tokenized equities, even as industry leaders frame blockchain-based stocks as inevitable modernization. The gap between private-sector enthusiasm and regulatory caution is the real story, and it affects both brokerages eyeing tokenized offerings and the startups building the infrastructure. Whether the SEC revisits the exemption, or whether tokenization proceeds through alternative structures, is the open question.