Tokenization-linked stocks and UNI fell Friday after reports said the SEC was again delaying an innovation exemption for blockchain-based securities because of legal and market concerns raised by the White House, agency staff and Wall Street firms. Bullish dropped as much as 11.2% to $24.42, while Coinbase fell 3% to $149.30, Circle lost 4.8% to $71.79, Figure traded 1.2% lower at $31.51 and Securitize was down 1% at $5.65 as investors reassessed how quickly tokenized equities could reach the U.S. market. The setback adds to uncertainty after the SEC canceled an Aug. 14 meeting on its separate Regulation Crypto proposal, even as exchanges and crypto companies continue building infrastructure for issuer-backed and synthetic tokenized securities.