{"id":78337,"date":"2026-09-18T09:01:24","date_gmt":"2026-09-18T09:01:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/saylor-says-sec-exemption-puts-tokenized-mstr-and-strc-onchain-24-7\/"},"modified":"2026-09-18T09:01:24","modified_gmt":"2026-09-18T09:01:24","slug":"saylor-says-sec-exemption-puts-tokenized-mstr-and-strc-onchain-24-7","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/saylor-says-sec-exemption-puts-tokenized-mstr-and-strc-onchain-24-7\/","title":{"rendered":"Saylor Says SEC Exemption Puts Tokenized MSTR and STRC Onchain 24\/7"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Saylor said the SEC\u2019s Sept. 17 exemption enables 24\/7 onchain trading of tokenized MSTR and STRC.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy holds 845,050 BTC and $6.4 billion in USD assets, with STRC still under its $100 par.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The SEC capped symbols and volume per venue, and the relief expires five years after publication.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Reaction, Not a Rule<\/h2>\n<p>Saylor did not wait long to make the proclamation and hours after the SEC <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2026-90-sec-issues-innovation-exemption-facilitate-trading-tokenized-nms-stock-request-comment\" target=\"_blank\" rel=\"noopener noreferrer\">published its relief<\/a> yesterday, the Strategy chairman <a href=\"https:\/\/x.com\/saylor\/status\/2100592535991091385\" target=\"_blank\" rel=\"noopener noreferrer\">wrote on X<\/a> that it \u201cenables 24\/7 onchain trading of tokenized\u201d MSTR and STRC \u201cfor U.S. investors through qualifying venues,\u201d calling it \u201ca major breakthrough for Digital Credit and American capital markets.\u201d<\/p>\n<p>The SEC granted five-year relief allowing tokenized National Market System (NMS) stocks to trade on venues built around automated market makers (AMMs) and liquidity pools, without those venues registering as exchanges. Tokens must be backed one-to-one by the underlying share and carry the same rights, i.e., votes, dividends and proxies. Synthetic exposure is not covered.<\/p>\n<p>SEC Chair Paul Atkins said of the measure:<\/p>\n<blockquote>\n<p>[It] is designed to resolve challenges that have prevented responsible innovation from taking root in the United States while providing investor protections and market integrity standards.<\/p>\n<\/blockquote>\n<p>Commissioner Mark Uyeda postured the development as a chance to experiment responsibly, learn, and translate old protections to new contexts. The agency said the move would help bring the <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/sec-cracks-open-the-door-for-wall-street-stocks-to-trade-onchain\/\">country\u2019s capital markets into the digital age<\/a>.<\/p>\n<h2>Why Strategy Cares More Than Most<\/h2>\n<p>For most issuers, onchain equity trading might be considered a mere curiosity, but for Strategy it is a distribution problem being solved.<\/p>\n<p>This is because STRC is a variable-rate perpetual preferred share collateralized by the company\u2019s bitcoin and dollar reserves, and Saylor has called it the world\u2019s <a href=\"https:\/\/news.bitcoin.com\/strategys-strc-becomes-worlds-largest-preferred-stock-in-under-one-year-saylor-says\/\">largest preferred stock<\/a> less than a year after launch. He has also spent months arguing that private credit is illiquid, opaque and fee-laden, while digital credit is liquid, transparent and cheap, a case he <a href=\"https:\/\/news.bitcoin.com\/saylor-digital-credit-goldman-sachs\/\">carried to Goldman Sachs<\/a> when the firm\u2019s bitcoin-backed lending book passed $11 billion.<\/p>\n<p>Continuous trading is the part of that argument he could not previously deliver. A preferred share that stops trading at 4 p.m. Eastern time and sleeps through weekends is still a traditional security wearing a new name. Under the exemption, a qualifying venue could quote it whenever the buyer shows up.<\/p>\n<p>The timing, however, is awkward in one respect, given Strategy\u2019s own war chest has been <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/strategys-bitcoin-war-chest-sat-still-while-saylor-defended-strc\/\">busy defending the instrument<\/a> rather than adding to its bitcoin pile, with the firm most recently repurchasing $139 million of STRC between Sept. 8 and Sept. 13 while buying no BTC at all.<\/p>\n<p>Not only that, STRC has been trading below its $100 par, which is precisely the condition Saylor needs to fix, and broader access could be one way to do that.<\/p>\n<p>Bitcoin\u2019s price is the other variable he does not control. BTC <a href=\"https:\/\/news.bitcoin.com\/market-updates\/crypto-liquidations-surge-past-260m-as-bitcoins-price-touches-77k\/\">touched $77,000<\/a> yesterday after the Federal Open Market Committee (FOMC) raised rates by 25 basis points, a move that forced roughly $260 million in short liquidations.<\/p>\n<p>Saylor\u2019s own thought process this year has leaned on the gap between the two, noting that <a href=\"https:\/\/news.bitcoin.com\/featured\/saylor-bitcoin-drops-47-while-strategys-strc-gains-9-in-a-year\/\">bitcoin fell 47%<\/a> over a stretch in which STRC gained 9%.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/finance\/saylor-sec-innovation-exemption-tokenized-mstr-strc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Saylor said the SEC\u2019s Sept. 17 exemption enables 24\/7 onchain trading of tokenized MSTR and STRC. Strategy holds 845,050 BTC and $6.4 billion in USD assets, with STRC still under its $100 par. The SEC capped symbols and volume per venue, and the relief expires five [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":78338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78337"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78337"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78338"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}