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Crypto

Robinhood CEO says tokenization era opens in U.S., welcomes SEC five-year pilot

Robinhood CEO Vlad Tenev expressed optimism after the U.S. Securities and Exchange Commission introduced a five-year, time-limited regulatory exemption for blockchain-based tokenized stock trading. Under the SEC’s “Innovation Exemption,” qualifying platforms can allow trading of tokenized U.S.-listed shares. The SEC set limits on eligible stocks, volumes and participants, and required tokenized trading to stop if the underlying stock is halted. Issuers must be notified and may object within 30 days.

Crypto

U.S. SEC opens path to 24-hour trading in tokenised stocks; Michael Saylor calls it a major breakthrough

The U.S. Securities and Exchange Commission has unveiled a temporary regulatory framework allowing secondary market trading of tokenised U.S. stocks. The framework permits trading through tokenised stock vendors that meet certain conditions and allows use of automated market maker liquidity pools. It also requires underlying smart contracts to be public, auditable and run on a public, permissionless distributed ledger. Strategy chairman Michael Saylor called the move a major breakthrough and highlighted 24-hour on-chain trading.

Crypto

Bitcoin holds $76,000 despite U.S. rate hike, faces test from possible further tightening

Bitcoin held the $76,000 level despite a U.S. Federal Reserve rate increase, avoiding an immediate shock. The Fed lifted rates by 25 basis points to 3.75 to 4 percent, its first hike since 2023, while bitcoin traded around pre-announcement levels and rose 1.35 percent to $76,663 even as U.S. stocks fell. Attention has shifted to possible further tightening, with most officials forecasting at least one more hike this year.