May 24
SEC Delays Tokenized-Stock Rule, Triggers $320M Derivatives Liquidations | KuCoin
➤ The SEC has delayed a rule that would exempt tokenized U.S. stocks for crypto platforms, creating regulatory uncertainty. ➤ This delay triggered significant liquidations, totaling $320 million in derivatives positions, primarily long trades, and caused Bitcoin's price to drop. ➤ The decision highlights the cautious and incremental approach to crypto regulation in 2026, impacting the potential for onshore tokenized equity markets.