Strategy CEO: SEC Five-Year Innovation Exemption Expected to Become a Long-Term Arrangement

Strategy CEO Phong Le stated that the five-year phase may ultimately become the long-term norm. Once investors experience a faster, more modern, and 24/7 market, there will be no returning to the old system, regardless of who leads the SEC, the White House, or Congress. Prior to this, the Securities and Exchange Commission (SEC) issued an order granting a five-year temporary, conditional exemption to platforms for tokenized securities, allowing them to use authorized automated market makers and liquidity pools to trade tokenized U.S. National Market System (NMS) stocks.