SEC's big swing to clear tokenization path isn't likely to get resilience of full rule

60-second summary

The SEC is swinging to clear a tokenization path, but former lawyers question its strength. They argue that granting exemptions from securities law under the "innovation" umbrella isn't as resilient as a full-fledged rule. This approach may lack long-term stability, potentially leaving projects vulnerable to regulatory changes and future enforcement actions, impacting the industry's growth and investor confidence.