NewsMV
Tokenized stocks moved closer to around-the-clock trading after the Securities and Exchange Commission issued its long-awaited Innovation Exemption, creating a regulatory opening for the asset class.
The action landed two days after the Senate voted to block the Clarity Act, a crypto market structure bill, from advancing to a full vote.
The Senate's vote against the Clarity Act closed one potential avenue for drawing the boundaries of crypto market structure through legislation.
The SEC's exemption, arriving in the same two-day window, takes a different route, working through existing securities law rather than waiting for Congress to write new rules.
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