According to crypto journalist Eleanor Terrett, the SEC’s token‑related “Innovation Waiver” initiative has been further postponed, and relevant details are not expected to be released in the short term. Insiders indicate that one reason may be that token‑provisions under Section 10505 of the Clarity Act are still under repeated negotiation among stakeholders. If the SEC moves forward with measures via the innovation waiver, it could undermine compromises reached on this section. As a result, the waiver may remain on hold until the path of the Clarity Act becomes clearer. The SEC still plans to hold a public meeting at a later date to discuss new rules and exemptions for financing transactions involving crypto‑assets, known as Regulation Crypto Assets.

The innovation‑waiver proposal would potentially allow public companies to oppose third‑party tokenization of their stocks. It may also require relevant trading platforms to be U.S.‑based entities and strengthen anti‑money‑laundering requirements. The SEC originally planned to release the waiver in May but delayed it after receiving feedback from stock exchanges, listed firms and other market participants. Meanwhile, progress on the Clarity Act was previously stalled by partisan disputes over ethics restrictions for public officials’ crypto‑related activities. Senate Majority Leader John Thune has filed a cloture motion in preparation for a procedural vote in mid‑September.