ONDO Token Rallies on SEC Regulatory Relief

The ONDO token surged over 12% in 24 hours as the crypto market rallied. Daily trading volume for ONDO jumped by 91%, surpassing $267 million at press time.

A key driver behind the rally was a new U.S. regulatory relief for tokenized stock trading, which was announced on September 17th. The SEC issued its 'Innovation Exemption,' granting conditional relief to qualifying Tokenized Securities Venues for five years.

The exemption allows these venues to trade tokenized stocks through permissioned liquidity pools without registration as traditional exchanges. According to SEC Chairman Paul Atkins, this decision is a significant step towards bringing U.S. capital markets on-chain.