Tradeleaf Announcements

The SEC just legalized onchain stock trading. Two days after Congress failed to. This is HUGE. The catch: almost nothing trading onchain today qualifies. Everyone will call this the floodgates opening. Wrong read. What happened, in plain English: → This week the Senate killed the Clarity Act, 49-50. → The SEC did it anyway. One vote of the commission. → Onchain venues can now trade real US stocks without registering as an exchange. → The pass runs five years. Tokenized stocks are a $3B market today. US stocks are a $69 trillion market. But read the fine print: The token has to be a real share. Same dividends, same vote. The three biggest products onchain give you neither. Ondo Finance, Binance, xStocks. That's 77% of the market. They track the price. You own a wrapper, not a share. So who actually won today? The transfer agents. In July the firms that keep the shareholder registries petitioned the SEC. Computershare, Equiniti. Their ask: no token is a share unless the company signs off. Two months later it's in the order. Apple can't stop the NYSE from trading its stock. That has been law for decades. Onchain, the issuer gets 30 days to object. Silence means yes. An objection kills the listing. So what? This is BIG. The SEC just handed companies a veto they never had on the exchange floor. Two days ago I wrote that the Senate handed the pen back to the SEC. Atkins used it in 48 hours. If you're building here, the checklist is short. Be a US entity, permission your users, issue real shares with votes and dividends. Put the contract in public on a permissionless chain. No synthetics, no financing, capped symbols and volume. Crypto spent two years asking Congress for a rulebook. It got one in a day, written by the SEC. https://www.sec.gov/newsroom/press-releases/2026-90-sec-issues-innovation-exemption-facilitate-trading-tokenized-nms-stock-request-comment