Tokenization stocks slide as legal concerns delay SEC innovation exemption
Tokenization stocks slide as legal concerns delay SEC innovation exemption
Bullish fell 11.2%, extending its decline from about 8% earlier in Friday’s session.Coinbase and Circle dropped 3% and 4.8%, respectively, as tokenization-linked shares weakened.The SEC reportedly faces questions about its authority and the exemption’s effect on existing market rules.Uniswap’s UNI also fell as the regulatory delay reached beyond publicly traded companies.