CryptoMedium•1 October 2026•
1 min read
Backpack’s BP Token Hits All-Time High Following SEC Regulatory Exemption
Key Facts
1Backpack Exchange's BP token reached a new all-time high of $1.65.
2The price surge followed an exemption granted by the US Securities and Exchange Commission (SEC).
Backpack Exchange's BP token reached a new all-time high of $1.65 on October 1, 2026. Crypto Briefing reported that the price surge followed an "Innovation Exemption" granted by the US Securities and Exchange Commission (SEC), which permits limited on-chain trading of tokenized stocks.
The regulatory milestone is viewed as a significant catalyst for the adoption of tokenized securities, driving positive market sentiment for the platform's native token. The price of BP has climbed from levels below $0.50 in mid-September to its current record peak following the SEC's decision.