Regulation· ★★★· neutral·

Cuomo: SEC's temporary exemption for tokenized stocks is no substitute for law

  • —SEC created a five-year conditional regime on Sept. 17 allowing tokenized US stocks without registration
  • —Cuomo noted the CLARITY Act fell short of the 60-vote threshold on Sept. 15, drawing 49 votes
  • —The framework caps the number of securities and trading volume and requires auditable smart contracts
  • —Cuomo sits on OKX's board and co-chairs the OKX-ICE venture for tokenized products
Why it matters: Without durable rules, the US risks losing tokenization infrastructure and capital to other jurisdictions.
Source: Koin Bülteni
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