Christopher Montaguano, Chief Legal Officer (CLO) of Orca (ORCA), stated at Korea Blockchain Week 2026 (KBW 2026) that "the U.S. Securities and Exchange Commission (SEC)'s new innovation exemption provides an opportunity for the DeFi industry to test whether blockchain-based financial infrastructure is actually more efficient than traditional financial systems." The innovation exemption introduced by the SEC on the 17th refers to a temporary conditional exemption that allows limited trading of tokenized U.S. stocks in an on-chain environment.
