According to CoinMeta, as reported by Coindesk, the U.S. Securities and Exchange Commission (SEC) has once again delayed the launch of an innovative exemption program for tokenized assets, due to concerns raised from Wall Street and the White House. The exemption was originally intended to provide U.S. crypto companies with a 12 to 36-month regulatory sandbox to allow the issuance and trading of tokenized securities. The core dispute revolves around whether the exemption terms permit third parties to issue stock tokens without the consent of the listed companies. Commissioner Hester Peirce posted on the X platform, stating that the framework is limited in scope and only facilitates the digital representation of existing equity securities, not synthetic products.