SEC grants five-year conditional Innovation Exemption for trading tokenized US stocks

Robinhood HOOD Tokenized stocks (Stock Tokens)

The SEC issued a conditional, five-year exemptive order letting Tokenized Securities Venues trade tokenized National Market System stocks on public blockchains through permissioned automated market makers and liquidity pools, without full national exchange registration. The order caps the number of symbols and trading volume, and requires tokenized shares to carry the same rights as the underlying stock. For Robinhood, which already offers stock tokens outside the US, it opens a domestic route for tokenized equities.

Conditional exemptive relief for Tokenized Securities Venues, effective immediately, for five years
Limits on the number of symbols and volume traded in tokenized stocks
Tokenized holders must receive the same rights and privileges as holders of the traditional stock
Trading must stop when the underlying stock is halted on its primary exchange; the SEC sought public comment on changes

HOOD around the story · hourly24 h reaction ▲ 11.09%

Moves this explains

BTC+5.87%Sep 17 · Bitcoin closed at $80,870.40, up 5.87%, and ether rose 6.74%. Crypto equities moved more: MSTR +16.31%, COIN +12.41%, HOOD +9.77%. The S&P 500 was up 0.26%. A crypto-news report dated September 18, 2026 attributes the day's ether gain to the SEC's five-year Innovation Exemption for tokenized US stocks, announced September 17. That report covers ether only and does not explain bitcoin's move, so the exemption is the closest reported cause, not a confirmed cause for bitcoin.COIN+12.41%Sep 17 · Coinbase rose 12.4% in a crypto-led rally: MSTR +16.3%, HOOD +9.8%, ether +6.7%, bitcoin +5.9%, with the S&P 500 flat at +0.3%. It followed the SEC's September 17 Innovation Exemption for trading tokenized US stocks, a regulatory event from the same period, though no report ties the exemption to this specific move.HOOD+9.77%Sep 17 · Robinhood rose 9.77% on 2026-09-18, the day after the SEC granted a five-year conditional Innovation Exemption for trading tokenized US stocks. Reports say Robinhood shares jumped about 9.6% on the exemption; crypto names also rose (MSTR +16.31%, COIN +12.41%).

Source

CoinGape

Sep 17, 2026

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