Donald Trump · SEC · Tokenization · CLARITY Act · Wall Street · US Congress · Bitcoin Magazine
SEC Green Lights Tokenized Stock Trading Despite Clarity Act Fail
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Regulators like the SEC are pushing forward with crypto rulemaking even if lawmakers have held back the long-awaited Clarity Act.
Key facts
- President Donald Trump last month urged lawmakers to pass it but senators mostly voted against advancing the legislation, 49 for and 50 against, that the digital asset industry has long called
- Congress was unsuccessful in advancing the Clarity Act despite the tireless efforts of many,” SEC Chairman Paul Atkins said in a statement
- Jamie Selway, Director of the SEC Division of Trading and Markets, added: “Today’s approval of exemptive relief for on-chain secondary trading on a TSV–known as the ‘Innovation Exemption’–marks
- Regulators like the SEC are pushing forward with crypto rulemaking even if lawmakers have held back the long-awaited Clarity Act
Summary
The U.S. Securities and Exchange Commission has approved tokenized stocks trading in a move indicating that the regulator will push ahead with rulemaking despite the Clarity Act not moving forward. Wall Street’s top regulator said Thursday that it was offering a five-year exemption to platforms that facilitate trading of tokenized stocks. “Congress was unsuccessful in advancing the Clarity Act despite the tireless efforts of many,” SEC Chairman Paul Atkins said in a statement. “So today, the Securities and Exchange Commission is taking a significant step forward, within its statutory authority, to bring America’s capital markets into the digital age by facilitating onchain trading of certain tokenized stocks.”