SEC Delays Tokenized Securities ‘Innovation Exemption’ as White House Prioritizes CLARITY Act

The SEC canceled its August 14, 2026 meeting on its proposed 'innovation exemption' — a regulatory sandbox for tokenized equities, Treasuries, and money-market funds under the 'Reg Crypto' agenda — marking the second delay in three months. The proposal would have given domestic crypto firms a conditional path to issue and custody tokenized securities. Meanwhile, the Treasury is moving quickly on stablecoin payments, creating a two-speed regulatory landscape that leaves tokenization firms in limbo as the White House prioritizes the CLARITY Act.