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SEC Issues Innovation Exemption For Tokenized Stock Trading

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By Aislinn Keely

The U.S. Securities and Exchange Commission on Thursday unveiled its long-awaited innovation exemption, permitting certain crypto projects and liquidity providers to support tokenized stock trading for a five-year period without registering as exchanges or dealers.


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Top Stories
  • Signage for the U.S. Securities and Exchange Commission shows the agency logo, a circle featuring an eagle and its name
    SEC Floats Eliminating Shareholder Proposal Rule

    By Jessica Corso

    The U.S. Securities and Exchange Commission on Wednesday proposed a number of changes to the way publicly traded...(read more)

  • The OpenAI logo is being displayed on a smartphone, with the Microsoft logo visible on the screen in the background, in this photo illustration
    9th Circ. Backs OpenAI, Microsoft Win Over Source Code Suit

    By Elliot Weld

    The Ninth Circuit on Wednesday affirmed the dismissal of a case brought by a group of anonymous programmers who ...(read more)

  • Fed. Circ. Reverses Denial Of Catheter Patent Claim

    By Adam Lidgett

    The Federal Circuit on Thursday threw out a Patent Trial and Appeal Board decision that refused to give patent protection to the first claim in an Incept LLC medical catheter patent, saying the board needs to take another look.

  • Auto Lender OKs $709.5M Multistate Deal Over Subprime Loans

    By Brian Steele

    The subprime auto lender Credit Acceptance Corp. has agreed to provide $709.5 million in cash and debt relief as part of a 40-state settlement to resolve allegations that it originated loans to borrowers who could not afford them, attorneys general announced Thursday.

  • 3 Firms Steer Infineon's $1.1B Memory Unit Sale To Winbond

    By Al Barbarino

    Infineon Technologies AG has agreed to sell its NOR Flash and F-RAM business to Taiwan-based semiconductor memory solutions provider Winbond Electronics Corp. for $1.12 billion in cash. 

  • StraightPath-Linked Stockbroker Gets 4.5 Years For Fraud

    By Pete Brush

    A New York federal judge has sentenced a former Long Island stockbroker to 4.5 years in prison, after he admitted duping investors as he and others hawked nearly $200 million of pre-initial public offering shares, including for fraud-ridden vendor StraightPath.

  • Republicans Move Trump's CFPB Pick Ahead To Full Senate

    By Jon Hill

    President Donald Trump's latest pick to lead the Consumer Financial Protection Bureau moved closer to confirmation Thursday as Republican lawmakers voted to advance his nomination to the U.S. Senate floor.

  • Ex-Conn. Budget Official Flees US Before Corruption Sentence

    By Aaron Keller

    Former Connecticut budget official Konstantinos Diamantis slipped out of the United States before learning his fate on federal corruption charges by driving to Florida, taking a boat to the Bahamas, and flying to London, apparently using a Greek passport he was not supposed to possess, attorneys revealed in court Thursday.

  • CMA Probes Paint-Makers' Giant $25B Merger Plan

    By Irene Madongo

    The Competition and Markets Authority said it is considering the effects on competition in the U.K. of plans by AkzoNobel, the owner of Dulux paints, and Axalta Coating Systems to merge in a transaction that seeks to create a $25 billion company.

  • Parties Clash Over Scope Of GIPA In DNA Test-Taker's Suit

    By Celeste Bott

    An Illinois federal judge is weighing whether the state's genetic privacy law protects against disclosing information about people who have taken genetic tests, with a DNA testing company accused of unlawfully sharing such information with Google arguing Wednesday the statute applies only to disclosure of actual test results.

  • Calif. AI Law Requires Ads To Disclose 'Synthetic Performers'

    By Rae Ann Varona

    Advertisements shown in California that feature artificial intelligence-generated actors must explicitly disclose that such "synthetic performers" were used under a new SAG-AFTRA-backed bill that California Gov. Gavin Newsom signed into law Wednesday.

  • 9th Circ. Greenlights Blocking Kalshi Contracts On Tribal Land

    By Dorothy Atkins

    The Ninth Circuit on Wednesday reversed an order denying California tribes' request for a preliminary injunction seeking to block Kalshi and Robinhood from offering sports-event contracts on tribal lands, finding the tribes will likely win their Indian Gaming Regulatory Act claims, and "this is the 'stuff' of sports betting."

  • EPA's Policy Repeals May Spell Exit From Climate Regulation

    By Keith Goldberg

    The U.S. Environmental Protection Agency's latest move to undo Biden-era greenhouse gas emissions rules lays legal groundwork for the agency to completely abandon climate change regulation, though it remains to be seen whether courts will endorse a full-blown retreat.

  • Kroger Faces Skepticism In Bid To Slash Wash. AG's Fee Win

    By Rachel Riley

    A Washington appellate judge expressed skepticism Wednesday at Kroger's bid to dismiss or reduce the state's $28.4 million fee award for successfully challenging the proposed merger with Albertsons, saying Kroger doesn't know how the Washington State Attorney General's Office split the work with the lead law firm that handled the bench trial.

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  • Quantitative Trader's Trade Secret Trial Pushed To November
  • Calif. Urges Justices To Let Paramount Merger Case Play Out
 
 
 

Expert Analysis

  • Matthew Shapanka
    What State AI Election Laws Mean For The 2026 Midterms
    In the absence of federal rules governing artificial intelligence in elections and no consensus emerging across state laws, campaign... (read more)
  • Keturah Taylor
    AG Watch: Oregon Targets Consumer Costs
    Oregon Attorney General Dan Rayfield's challenges to bank interest rate and escrow preemption signal heightened scrutiny of consumer... (read more)
  • Brandon Cox
    Retailers Must Navigate State Innocent-Seller Law Patchwork
    States' innocent-seller statutes can shield nonmanufacturing retailers from product liability claims to varying degrees, and by buil... (read more)
  • Jennifer Filippazzo
    State AI Safety Laws Raise New Liabilities For Healthcare Cos.
    Healthcare and life science companies using third-party artificial intelligence tools should pay particular attention to the changin... (read more)
  • David O'Neil
    How 'Swap' Fight Underpins Prediction Market Enforcement
    As courts around the country grapple with whether, and under what circumstances, event contracts qualify as swaps, federal enforceme... (read more)
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