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ARTICLE · 26 OCTOBER 2026

Crypto Brief

Lowenstein Sandler LLP
Lowenstein Sandler LLP
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Lowenstein Sandler LLP

Lowenstein Sandler LLP

Lowenstein Sandler LLP is a national law firm with over 400 lawyers based in New York, Palo Alto,...

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Federal regulators advance stablecoin frameworks while the SEC faces pushback on its crypto asset proposal. How will competing visions for digital asset regulation shape market access, investor protection, and cross-border cooperation as implementation deadlines approach?

GlobalFinance and Banking
Ethan L. Silver
Ethan L. Silver
William Brannan
William Brannan

Lowenstein Crypto advises leading digital asset and cryptocurrency projects, exchanges, and trading firms. Our practice covers regulatory advice, transactions and structuring advice, investigations, and adversarial matters including commercial disputes, bankruptcy, and related litigation. As these markets continue their rapid growth and market participants continue to evolve and mature their businesses, we are providing this weekly digest as a resource that highlights and summarizes a selection of key recent legal regulatory developments.

SEC Staff Publishes FAQ on Innovation Exemption for Tokenized Securities Trading 

On October 21, the Securities and Exchange Commission’s (SEC or Commission) Division of Trading and Markets published an FAQ concerning the Commission’s “Innovation Exemption,” a September 17, 2026 order granting a conditional five-year exemptive relief from the definitions of “exchange” and “dealer” under the Securities Exchange Act of 1934 to certain tokenized

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