Commissioner Hester Peirce (Archived)(@PeirceArchived):I appreciate the interest in--but not the hyperbole about--the contemplated innovation exemption for the onchain trading of tokenized NMS stock. Keep in mind: I've always expected that it'd be limited in scope & would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.

Commissioner Hester Peirce (Archived)

@PeirceArchived

This is an archived account of former @SECGov Commissioner Hester Peirce (January 2018 - October 2026).

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Commissioner Hester Peirce (Archived)@PeirceArchived

2026.05.21 20:47

I appreciate the interest in--but not the hyperbole about--the contemplated innovation exemption for the onchain trading of tokenized NMS stock. Keep in mind: I've always expected that it'd be limited in scope & would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.

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