The U.S. SEC has postponed its exemption program for tokenized assets due to concerns about the risks associated with third-party issuance.

CoinFeed reported on May 23 that, according to Bloomberg Legal, the U.S. Securities and Exchange Commission (SEC) has postponed a planned exemption program aimed at providing broad exemptions for U.S. cryptocurrency companies to trade stock-linked tokenized assets due to concerns about third-party issuers. Over the past few days, SEC staff have discussed the issue with securities exchange officials and market participants and are weighing their feedback. Bloomberg reports that a particularly thorny issue is "so-called third-party tokens, the issuance of which lacks the backing or consent of the relevant publicly traded company." Several former regulatory officials have expressed concern about how to ensure that tokenized assets enjoy the same rights as regulated securities, such as dividends and voting rights. These former officials stated that because tokens can be traded through blockchain networks, it is currently unclear how companies will fulfill these obligations.