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The SEC’s tokenized-stock framework is putting DeFi back in focus. UNI/USDT jumped as much as 21% intraday to $9.44, while ARB and NEAR also extended gains. But the bigger story isn’t the initial pump. A five-year exemption could enable eligible venues to trade certain tokenized stocks through permissioned AMM pools. Now the real test: Can on-chain volume and protocol revenue turn the regulatory shift into lasting adoption? #UNI21%RallyOnSECRule