Hyperliquid Strategies spikes on report that the SEC will soon greenlight an “innovation exemption” for tokenized stocks
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Shares of Hyperliquid Strategies surged after reports that the SEC will soon introduce an 'innovation exemption' for tokenized stocks, allowing their trading without consent from public companies. This move could enhance trading efficiency but may lead to price fragmentation. Platforms must provide voting rights and dividends to token holders, necessitating the holding of underlying securities.
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