Key Points The SEC's "Innovation Exemption" lets a new class of venue trade tokenized stocks without registering as an exchange. Smart contracts on these venues must run on a public, permissionless ledger, which points straight at Ethereum. The relief is temporary, volume-capped, and expires in five years. 10 stocks we like better than Ethereum › The Ethereum (CRYPTO: ETH) cryptocurrency is up 5.8% at 2:17 p.m. ET, floating atop a broad surge across the crypto sector. It's the kind of day where you almost expect stablecoins to rise, as the U.S. Securities and Exchange Commission (SEC) moved one step closer to permitting token-based trading of stock-type securities.
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