Wire · regulatory
Regulation by Rulemaking: SEC and CFTC Continue Piecing Together a Crypto Asset Framework
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Fusion42 · 22 September 2026 · Fusion42 review
The SEC issued the Innovation Exemption granting temporary relief for permissioned trading of tokenized national market system stocks on public distributed ledgers, while the CFTC expanded no-action relief for software providers enabling trading in derivatives. This regulatory activity follows a failed Senate bill to establish a comprehensive federal digital asset framework and signals ongoing agency rulemaking through administrative authority.
This Wire brief sits within Fusion42's coverage of Fintech, and 42 sources have reported it between 11 Aug 2026 and 4 Oct 2026.
◆ ◆ The Wire takeaway
You must plan for compliance with novel SEC exemptions covering tokenized stock trading and CFTC no-action relief for crypto derivatives software. These carve outs open a narrow window to innovate in tokenized securities trading without full exchange registration, but impose strict operational rules and issuer veto rights.
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42 sources · first reported 11 Aug 2026 · latest 4 Oct 2026
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