By Aliyu Pokima Key highlights: The SEC has issued a five-year Innovation Exemption allowing qualifying blockchain venues to facilitate trading of tokenized US stocks under certain conditions The newly minted framework requires tokenized stocks to maintain the same rights as their traditional counterparts Tokenized stocks are booming, with cryptocurrency companies angling to offer the products […]
Tag: SEC
By Michael Adeleke Key highlights: Matt Hougan said the CLARITY Act’s failure does not affect the crypto market The Senate rejected a cloture vote on the crypto bill on Sept. 15 Bernstein analysts expect U.S. regulators to move quickly with new crypto rules Bitwise Chief Investment Officer Matt Hougan took back his previous warning that […]
By Hassan Shittu Key highlights: The CLARITY Act failed 49-50 on a procedural vote on Sept. 15 with four Republicans joining Democrats over unresolved disputes Democrats demanded divestment of crypto holdings for senior officials, while Republicans only offered blind trust arrangements The bill isn’t dead yet as Sen. Tillis filed a motion to reconsider, potentially […]