As crypto law falters, SEC opens tokenized stock floodgates

Homepage > News > Business > As crypto law falters, SEC opens tokenized stock floodgates United States crypto legislation might be toast, but America’s securities regulator is opening the floodgates for blockchain-based tokenized stock trades. Is CLARITY dead, or just Jason Voorhees dead? SEC unleashes innovation exemption on tokenized stocks Robinhood, AMC CEOs square off over unauthorized tokenization CFTC lets noncustodial software developers off the hook House committee okays crypto tax bill Ditto for Strategic Bitcoin Reserve bill Sen. Thom Tillis (R-NC) was one of four Republicans who voted against the U.S. Senate’s digital asset market structure bill (the CLARITY Act) on Tuesday (15), helping to send CLARITY to a decisive and ignominious 49-50 defeat. But in switching his vote from ‘aye’ to ‘nay’ at the last minute, Tillis was able to use a procedural motion to preserve CLARITY’s faint hope of passage at some future date in the current Congress. Problem is, the congressional calendar is tight, and the Dems’ chief objection to CLARITY as written—getting President Donald Trump to agree to ‘ethics’ provisions with actual teeth—seems extremely unlikely to be resolved. A...