Tokenization Stocks Fall After US SEC Again Delays Crypto Securities Exemption

Shares of tokenization focused companies including Bullish, Coinbase and Circle fell on Friday, August 14, 2026 (23 Mordad 1405), after the US Securities and Exchange Commission again delayed its planned "innovation exemption" for tokenized securities and canceled a scheduled meeting on proposed crypto offering rules. According to CoinDesk, Bullish shares fell about 8 percent and Circle dropped nearly 4 percent, while Uniswap's UNI token fell 7 percent, the biggest loser on the CoinDesk 20 index.

Owen Lau, managing director and senior analyst at Clear Street, called the delay a temporary "speed bump" for tokenization rather than the end of the trend, noting that traditional exchanges including Nasdaq and the New York Stock Exchange are still building infrastructure for round the clock trading.