Tokenization stocks slip as SEC delay puts 'speed bump' in crypto’s Wall Street push
Stocks related to tokenization and crypto infrastructure fell following reports that the SEC is delaying an 'innovation exemption' for tokenized securities. The delay has created uncertainty for firms like Coinbase, Circle, and Securitize.
Bullish BLSH $ 24.45 fell about 8% in early trading, reversing gains following its second-quarter earnings report. The crypto platform, which owns CoinDesk, is acquiring transfer agent Equiniti as it builds infrastructure for issuing and servicing tokenized securities. Blockchain-based lender Figure (FIGR) also gave back its post-earnings advance, falling about 9% from Thursday's session high.
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