As Clarity Act stalls, SEC keep moving forward with their major crypto plan

[shinratensei_]

The US Securities and Exchange Commission is poised to roll out a pair of major initiatives in the coming days that could further turbocharge the crypto industry even as a landmark digital-asset bill stalls in Congress, Bloomberg reported. The regulator said it will hold an open meeting Friday to create a tailored offering regime for certain crypto-asset investment contracts, and plans to soon unveil an "innovation exemption" for trading digital versions of securities—a move that could pave the way for 24/7 trading of stock tokens on blockchains. Details of the tokenized-stock exemption could come as soon as Friday, according to people familiar with the plans, though officials are still working on the proposal and details could change.

It seems the SEC is very determined to make tokenized-stock trading happen inside the U.S. Robinhood and others have issued tokenized-stock for quite a while but they geoblocked U.S. citizen from trading their tokenized-stock because legal compliance stuff. Paul Atkin's "Project Crypto" agency overhaul is on a full throttle and they are not waiting for the Congress anymore.

I wonder what makes them so in hurry to legalize tokenized-stock trading? what do you think?

[_act_]

I wonder what makes them so in hurry to legalize tokenized-stock trading? what do you think?

Because the present SEC are crypto friendly, they want to let United States to be the number in the world when it comes to cryptocurrencies and they know that Wall Streets are getting interested in tokenized stocks. Also there will be more regulations which is better than not having regulations.

[ultrloa]

I wonder what makes them so in hurry to legalize tokenized-stock trading? what do you think?

Because the present SEC are crypto friendly, they want to let United States to be the number in the world when it comes to cryptocurrencies and they know that Wall Streets are getting interested in tokenized stocks. Also there will be more regulations which is better than not having regulations.

Not surprising to see those actions they made, since this administration always to their best to position to became top country to adopt crypto https://www.bakerlaw.com/insights/trump-administration-immediately-positions-u-s-to-become-world-capital-of-crypto/

So its expected that more regulations would come, because for sure they want to have advantage on this thing.

But that Clarity Act it seems more delays will came in this bill, but I think there's still chance that this bill would get an approval in future.