BlockBeats News, August 15th, the market sentiment was hit by the news of the U.S. Securities and Exchange Commission (SEC) delaying its tokenized securities regulation plan, causing the stock prices of several crypto companies that have laid out strategies in asset tokenization to drop on Friday.

Among them, the digital asset platform Bullish saw a morning plunge of about 8%, blockchain lending company Figure dropped around 9%; Coinbase's stock price fell about 2%, and stablecoin issuer Circle dropped nearly 4%. Furthermore, the issuer of the BUIDL tokenization fund, Securitize, saw a 5% intraday decline.

The market turbulence stemmed from the SEC once again postponing the previously highly anticipated "Innovation Exemption" plan. The policy was originally thought to be able to lower the regulatory threshold for the issuance and trading of tokenized securities by enterprises, driving Wall Street into the on-chain securities field.

Meanwhile, the SEC canceled a scheduled meeting that was supposed to discuss the introduction of a new regulatory framework for certain crypto asset investment contracts.

Affected by regulatory uncertainty, the tokenization concept has not only affected publicly traded companies but also weighed down the performance of the crypto market. The native token of the decentralized exchange Uniswap, UNI, fell about 7% in the past 24 hours, becoming one of the weakest assets in the CoinDesk 20 index.

Owen Lau, Senior Analyst at Clear Street, stated that the SEC's delay poses a "speed bump" for the tokenization track but does not change the long-term trend. Companies like Coinbase and Bullish are still advancing tokenized stock businesses, and Nasdaq and the New York Stock Exchange are also constructing related infrastructure.

The market's attention will now shift to when U.S. regulatory agencies will clearly define tokenized securities rules and whether the Digital Asset Market Structure Act (CLARITY Act) and SEC authority disputes will further impact the industry's development process.