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U.S. SEC delays plan to allow tokenised stock trading amid unauthorised issuance, shareholder rights verification issues

The U.S. Securities and Exchange Commission has delayed releasing a proposal for an \'innovation exemption\' that would allow tokenised stocks to trade on crypto-based platforms. Concerns include the risk of third parties issuing stock-linked tokens without listed companies\' consent and challenges in verifying token holders and their eligibility to exercise shareholder rights. The SEC has gathered feedback from hundreds of market participants and is adjusting details rather than reversing direction.