The SEC's innovation exemption caps volume on tokenized trading venues.

First reported Oct 21, 2026, 21:26 UTC

Source reports

• The SEC's innovation exemption caps volume on tokenized trading venues. @armaniferrante says Backpack's tokenized stocks already trade past that cap on Solana, so joining the sandbox would mean halting its own market. — @DefiantNews (X), Oct 21, 2026, 21:26 UTC

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