**[U.S. SEC Delays Tokenized Securities Regulation Plan, Stocks of Coinbase, Circle Under Pressure and Decline]** BlockBeats News, August 15: The U.S. Securities and Exchange Commission (SEC) delayed its tokenized securities regulation plan, dampening market sentiment. On Friday, the stock prices of several crypto companies involved in asset tokenization businesses fell. Among them, digital asset platform Bullish saw its stock drop by approximately 8% during early trading, blockchain lending company Figure fell by about 9%, Coinbase's stock declined by roughly 2%, and stablecoin issuer Circle dropped nearly 4%. Additionally, Securitize, the issuer of BlackRock's tokenized fund BUIDL, fell by as much as 5% during intraday trading. The market volatility stems from the SEC's decision to once again postpone the highly anticipated "innovation exemption" plan. This policy was originally expected to lower regulatory barriers for companies issuing and trading tokenized securities, potentially driving Wall Street's entry into the on-chain securities space. Meanwhile, the SEC canceled a previously scheduled meeting that was intended to discuss whether to introduce a new regulatory framework for certain crypto asset investment contracts. The uncertainty surrounding regulation has impacted not only publicly listed companies but also dragged down the performance of the broader crypto market. The native token of decentralized exchange Uniswap, $UNI, fell approximately 7% over the past 24 hours, making it one of the weakest-performing assets in the CoinDesk 20 Index. Clear Street senior analyst Owen Lau commented that the SEC's delay acts as a "speed bump" for the tokenization sector but does not alter its long-term trajectory. Companies like Coinbase and Bullish are continuing to advance their tokenized stock businesses, while Nasdaq and the New York Stock Exchange are building related infrastructure. Market attention is now shifting to when U.S. regulators will clarify tokenized securities rules, as well as whether the Digital Asset Market Structure Act (CLARITY Act) and disputes over SEC authority will further influence the industry's development progress. [Original Link]