SEC poised to unveil exemption for tokenized U.S. stocks, raising XRP Ledger prominence and oversight concerns

The U.S. Securities and Exchange Commission is reportedly preparing a proposal to create an exemption or regulatory framework for tokenized U.S. stocks, with outlets saying the SEC may release an innovation exemption for third‑party tokenized shares imminently ^{[1] [2] [3]}.

Industry coverage says the SEC’s tokenization push has put ledgers like the XRP Ledger in the spotlight, with commentators noting the potential for blockchain‑based stock trading ecosystems to expand if a clear exemption is adopted ^{[4] [1]}.

Reports also flag possible concerns around market fragmentation and investor protection as tokenized shares scale, issues highlighted alongside the SEC’s proposed move ^[3].