SEC Delays Tokenization Exemption as Strategy Sells 1,690 BTC and Russia Opens Retail Crypto

The US Securities and Exchange Commission (SEC) has delayed an innovation exemption for tokenized assets, pushing back on institutional interest in this area. The delay keeps many of these products in a legal gray zone that favors better-capitalized issuers.

Strategy, a company known for holding Bitcoin, sold 1,690 BTC, a move that flips the usual narrative around institutional positioning. This sale does not automatically signal a bearish view but changes the tone for corporate holders.

Riot has signed a $9.1 billion deal with Anthropic to supply AI infrastructure, which will consume mining capacity and reshape revenue mix. Bitcoin's network may see competitive pressure on smaller miners if larger fleets prioritize AI workloads.