Tokenization is advancing faster than the United States’ regulatory and legislative processes, Andrew Cuomo wrote in CoinDesk. The former New York governor and OKX board member said regulatory clarity is not only a legal and political issue but also a factor in where investment, talent and financial infrastructure are deployed. The SEC (U.S. securities regulator) launched an innovation exemption on Sept. 17, creating a framework under which eligible on-chain trading venues can transact tokenized U.S. stocks under specified conditions.