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SEC and CFTC Take Regulatory Steps After Senate CLARITY Act Vote Fails
Following the Sept. 15 Senate vote that failed to advance the Digital Asset Market Clarity Act, the SEC and CFTC moved ahead on crypto rules within days using their existing authority. On September 17, the SEC granted temporary, conditional relief allowing certain venues to trade tokenized versions of U.S. stocks through its "Innovation Exemption." Qualifying Tokenized Securities Venues can use automated market makers and liquidity pools without being treated as exchanges, subject to conditions.
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