SEC opens path for tokenized stocks after CLARITY Act fails
- —The SEC allowed TSVs to trade tokenized NMS stocks 24/7
- —The exemption is temporary and conditional, and the SEC sought comments on amending it
- —The CLARITY Act failed in the Senate 49-50, but seven Democrats pledged to continue work
- —The CFTC and SEC said they are ready to act within existing authorities
Why it matters: Tokenized stocks in the U.S. are gaining a regulatory framework bypassing Congress, which will accelerate the inflow of traditional assets onto blockchain.
Source: CoinGeek
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