SEC’s Peirce limits tokenised stock exemption scope
Hester Peirce clarified that a proposed innovation exemption for blockchain-based stock trading would apply only to tokenised representations of existing publicly traded equities.

Founder and CEO of Grafa, leading the company's vision to democratise financial data and empower investors with innovative tools.
Hester Peirce clarified that a proposed innovation exemption for blockchain-based stock trading would apply only to tokenised representations of existing publicly traded equities.
Coles (ASX:COL) and Brownes Foods Operations have each paid $39,600 in penalties following alleged breaches of the Dairy Code of Conduct.
IG Group partnered with Bitpanda to expand spot cryptocurrency trading services for investors across Europe.
Arafura Rare Earths (ASX:ARU) has launched a major $350 million two-tranche institutional placement.
US Representatives Nick Begich and Jared Golden introduced legislation proposing a US Strategic Bitcoin Reserve capable of holding up to 1 million Bitcoin under federal custody.
Ainsworth Game Technology (ASX:AGI) has issued a downbeat trading update for the six months ending June 30.
MaxiPARTS (ASX:MXI) issued a trading update, reporting that global geopolitical headwinds have slowed recent activity.
Immix Biopharma (NASDAQ:IMMX) announced a highly favorable interim update from its ongoing registrational Phase 2 NEXICART-2 clinical trial, showing that its investigational CAR-T cell therapy, NXC-201, achieved a 95% complete response rate in patients with relapsed or refractory AL Amyloidosis.
Ralph Lauren (NYSE:RL) reported fourth-quarter financial results that exceeded Wall Street estimates, driven by strong full-price selling trends and affluent consumers' appetite for premium apparel, pushing its full-year revenue past the $8 billion threshold for the first time in corporate history.
Walmart (NYSE:WMT) reported first-quarter financial results that outpaced expectations, driven by significant gains in store-fulfilled delivery, digital marketplace expansion, and its high-margin corporate advertising business.