Hyperliquid Strategies (PURR) Stock Rises 8% as SEC Approves Tokenized Stock Trading

Hyperliquid Strategies (PURR) jumped roughly 8% after the SEC issued its 'Innovation Exemption,' allowing tokenized U.S. stock trading on public blockchains. The five-year exemption lets Tokenized Securities Venues trade tokenized stocks using automated market makers, with stocks carrying the same shareholder rights as traditional shares, including dividends and voting rights.