SEC exempts tokenised equities after Clarity Act fails

The SEC has exempted tokenised equities, letting regulated venues trade tokenised stocks without registering as exchanges. The move came two days after the Clarity Act fell short in the Senate on 15 September, and gives the world's biggest equity market an on-chain entry point.

• The exemption bypasses Congressional action after the Clarity Act failed to reach the 60-vote threshold.
• Issued under a five-year, time-boxed authorization that opens tokenised securities trading in the US under limited conditions.
• Specific instruments and platforms covered were not disclosed.