SEC FAQ Clarifies Objection Window for Third-Party Stock Tokens

The Securities and Exchange Commission has clarified that venues may identify a stock while an issuer’s objection period is pending, but cannot make its token available for trading until the period expires without a timely objection. The guidance explains how the SEC’s temporary framework applies to third-party tokens representing U.S. stocks. In an Oct. 20 FAQ, SEC staff said venues can identify a stock during that waiting period. The FAQ reflects staff views and has no legal force or effect. The guidance adds detail to the SEC’s conditional exemption . The SEC’s Sept.