Tokenized Securities Stocks Drop 8-9% After SEC Delays Innovation Exemption

SEC postpones tokenization regulatory framework, triggering sell-off in Bullish, Figure, and Coinbase. Uniswap token falls 7% amid broader market uncertainty over US crypto policy.

Woofun AI reports that shares of crypto firms involved in asset tokenization declined on Friday following the SEC's decision to delay its regulatory plan for tokenized securities. Bullish dropped approximately 8% in early trading, while Figure lost nearly 9%. Coinbase shares fell by about 2%, and Circle declined by almost 4%. Securitize, which issues BlackRock's BUIDL fund, dropped 5% at one point.

The volatility stemmed from the postponement of the "innovation exemption" program, intended to lower barriers for issuing tokenized securities. The SEC also canceled a meeting regarding new frameworks for crypto asset investment contracts. Uniswap's UNI token fell 7% over 24 hours. Clear Street analyst Owen Lau stated the delay acts as a "brake" but does not alter long-term trends, noting continued infrastructure development by Nasdaq and the NYSE.