Fed hikes rates, CLARITY Act fails, SEC allows tokenized stocks
- —Fed raised rates to 3.75–4.00% in a 12–0 vote
- —Senate rejected the CLARITY Act: 49–50, short of the required 60
- —SEC granted a 5-year exemption for tokenized stocks with limits
- —Circle launched Arc with over 100 apps and organizations participating
Why it matters: Crypto regulation is shifting from Congress to the SEC and infrastructure projects, which will determine access to tokenized assets.
Source: TokenPost