On-chain stocks ≠ synthetic assets; regulatory boundaries are clearly defined.

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WuSaidBlockchainW
Wu Shuo learned that SEC Commissioner Hester Peirce stated that there is an overinterpretation of the proposed on-chain tokenization of U.S. National Market System stocks "Innovation Exemption." She emphasized that the exemption is expected to be limited in scope and only applicable to on-chain digital representations of stocks currently tradable in the secondary market, excluding synthetic assets.
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