Crypto Market Mixed, with Some Assets Seeing Larger Gains Amid SEC Decision

The crypto market is experiencing a mixed rise today, with Bitcoin and Ethereum up around 2%. However, other assets are seeing larger gains. NEAR has climbed about 25%, while Zcash has risen approximately 7%.

The main driver behind the SEC's decision to allow onchain trading of tokenized US stocks under certain conditions is the Innovation Exemption. This temporary relief will give qualified firms time to test and implement these activities. According to SEC Chair Paul Atkins, this measure provides a 'route for qualified firms to test these activities.'

The connection between Uniswap's UNI and the SEC decision is clear. The permissioned pools in Uniswap v4 can limit who participates, making them useful when trading venues must restrict access to approved users.