SEC Puts Tokenized Stock Exemption on Hold as Bitcoin Slips Below $76,000

CoinDesk, May 23 — Key developments: 1) The U.S. Securities and Exchange Commission has delayed a plan involving blockchain-based tokenized stocks, as bitcoin fell below $76,000. 2) The SEC postponed a proposed exemption that would have enabled tokenized trading of U.S. equities. 3) SEC Commissioner Hester Peirce rejected the notion that crypto regulation would encourage the issuance of synthetic tokens. 4) Rep. Tom Emmer said concerns about the CLEAR Act are overstated. 5) Cardano governance: 81% voted against a proposal to allocate 32.9 million ADA to research funding. 6) Bitcoin ETFs now hold more than 1.23 million BTC, with total market value above $95.3 billion. 7) GoPlusSecurity reported that an administrator account for the UMA CTF adapter was compromised, leading to losses of about $600,000. 8) Chainlink said the total value transferred via CCIP has topped $110 billion, surpassing DeFi oracles. 9) German lawmakers blocked a green initiative that would have ended bitcoin tax incentives. 10) Canada's first compliant stablecoin, CADD, is being custodied by Anchorage Digital.