CryptoCoinDeskabout 2 hours ago
CLARITY Act Fails, SEC Opens Tokenized Stock Path
8 min read
The Senate's CLARITY Act failed to advance on Sept. 15, leaving digital asset legislation stalled. Two days later, the SEC issued a five-year Innovation Exemption letting eligible venues trade tokenized U.S.-listed stocks onchain via automated liquidity pools, with identity-verified participants and volume caps. The CFTC also eased software and recordkeeping rules. Advisors must now weigh regulatory permission against legislative certainty.
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