Permissioned venues gain temporary relief, with issuer objections, shareholder protections and trading caps limiting the rollout.

͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Forwarded this email? Subscribe here for more SEC opens five-year path for tokenized stocks Permissioned venues gain temporary relief, with issuer objections, shareholder protections and trading caps limiting the rollout. CryptoSlate Sep 18   READ IN APP   The SEC has opened a five-year route for tokenized US stocks to trade through permissioned blockchain venues. The order gives eligible operators and certain liquidity providers temporary regulatory relief, with shareholder rights, issuer objections and trading caps shaping what they can offer. Congress is pursuing a separate change to crypto taxation, with a House committee advancing relief for some transactions alongside new trading restrictions. On Cardano, Splash’s proposed validator fixes still leave holders waiting for restored liquidity or a redemption route. Top News After Congress killed its landmark crypto bill, the SEC unlocked the $77 trillion US stock market through tokenization The SEC’s September 17 order exempts qualifying tokenized-stock venues from the exchange definition and certain liquidity providers from the dealer definition through September 17, 2031. Eligible tokens must preserve the rights of equivalent shares, and synthetic stock exposure is excluded; issuers can block trading of unaffiliated third-party tokens through a 30-day objection process. Permissioned access and symbol and volume caps constrain how widely these venues can operate. Crypto’s first big tax win comes with a catch for stakers and everyday payments The House Ways and Means Committee approved H.R. 10357 by 38–5 on September 16. The package combines limited fee-related tax relief with expanded trading restrictions; broader payment relief and reward-income timing remain contested. Cardano’s Splash fix patches the exploit, but leaves 2.4M ADA missing and holders trapped Splash’s incident report puts the net ADA drain above 2.4 million. Proposed validator checks address the exploit, but OADA holders still need restored liquidity or redemption; Optim Finance’s September 15 update announced neither. From Our Sponsor WINNLY Makes Mobile Gaming Rewarding — Play, Compete, Earn WINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more. Download WINNLY What We’re Watching The tax bill’s next version: Will lawmakers broaden small-payment relief or revise staking and mining income timing? The industry’s requested changes remain unresolved as the package moves beyond committee. Optimism’s September 24 target: Mainnet execution depends on a healthy seven-day testnet run. Watch for confirmation that fault-proof operators and withdrawal integrations are ready for the contract cutover. Elsewhere in Crypto Optimism just approved the upgrade its Superchain needs before interoperability can go live The approved dispute-system upgrade prepares chains for later interoperability and requires migration work by operators and withdrawal integrations. XRPL’s new lending tool could lock up your XRP from minutes to decades The proposed vault design fixes withdrawal dates and counts interest when paid; activation remains pending. Stellar activates Protocol 28 as network hits record throughput and RWA value climbs Soroban developers can coordinate contract upgrades, but applications must opt into the new maintenance tools. Stani’s Aave “Uber plan” could turn everyday crypto savers into Washington’s worst political nightmare Kulechov urges mass adoption to build political influence; consumer interfaces and institutional services retain identifiable regulatory obligations. Aave V4’s Arc market is swimming in $76 million of USDC nobody is borrowing September 17 data showed less than $100,000 borrowed against roughly $76 million supplied, leaving utilization near 0.1%. The Catalyst by CryptoSlate What’s moving crypto. Why it matters. What to watch next. CryptoSlate has covered crypto, markets, and decentralized technology since 2017. Read CryptoSlate · Tips, questions & corrections · Sponsor The Catalyst For information, not investment advice.   Like Comment Restack   © 2026 Zenzio Incorporated 2733 N Power Rd #483 Ste 102, Mesa, AZ United States 85215-1699 Unsubscribe