According to Bloomberg, citing sources close to the matter, the Donald Trump administration intends to unveil a revolutionary program that will open the door to trading tokenized financial instruments.
A new era of trading under the White House umbrella
SEC is set to publish the so‑called "innovation exemption" for tokenized shares.
This move fits perfectly into the current U.S. administration’s aggressive strategy of integrating the traditional stock market with the cryptocurrency ecosystem.
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The goal is to create a new regulatory pathway that will allow the trading of company shares outside of the rigid, classic securities exchanges.
It is worth noting that this decision coincides with intense activity at the Capitol. The Republican‑controlled Senate Banking Committee has already taken key steps, pushing further regulations aimed at establishing transparent and clear rules for the digital asset sector in the U.S.
This is no longer just loose speculation in the corridors, but a real and concrete legislative offensive.
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Shares without corporate consent? SEC intends to go all in
The most spicy and simultaneously controversial element of the new SEC plan is its approach to issuers themselves.
According to Bloomberg, the regulator leans toward allowing trading of tokens that… do not have the support or even the consent of the public companies whose prices they track.
This means an external entity could create a digital equivalent of a tech giant’s shares without asking for its opinion.
For traditional Wall Street, this is almost as shocking as not knowing the tickers of Big Techs. These tokens are meant to be traded on decentralized cryptocurrency platforms.
Investors will receive a tool to speculate on the valuations of the largest global enterprises directly from their digital wallets.
Moreover, this market will operate 24/7, without intermediaries and without entry barriers. It is worth adding that something similar is currently operating on xStocks available on the Kraken exchange.
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Financial cyberpunk - investing without rights
Since everything is so rosy and unregulated, where is the catch? The new share format brings fundamental changes to asset ownership structure.
Digital tokens representing shares on cryptocurrency exchanges will not offer traditional shareholder rights.
This means a holder of such tokenized shares can forget about voting rights at general meetings or direct participation in dividends, unless the platform develops its own compensation mechanisms under threat of delisting.
For market purists this sounds like gambling, but for the new generation of investors who "grew up" on cryptocurrencies, what matters most is price exposure and no time limits of traditional trading sessions.
SEC plans to maintain rigorous eligibility criteria for platforms offering such instruments, but the very fact of allowing decentralized trading of "synthetic" shares without corporate consent is a powerful step into the unknown.
The question is whether Wall Street will maintain its dominance, or whether capital will start draining massively to where trading runs 24 hours a day, 7 days a week.
Bitcoin price on Wednesday, May 20 reached 77,082 USD after a slight uptick of 0.43%.
Chart. Bitcoin price (BTC/USD)
Source: Trading Economics.
Also see: Bitcoin price (BTC/USD, (BTC/PLN) is falling! Will the cryptocurrency market survive the storm?
Source: Reuters.
