TechSEC reportedly opens five-year path for tokenized US stocks after Senate blocks CLARITY Act
CryptoSlate reports that the CFTC also moved to expand regulated crypto derivatives access. Both agencies are relying on existing authority, while Congress has yet to settle how crypto oversight should be divided.
TLDR
CryptoSlate reports that after the Senate blocked the CLARITY Act, the SEC opened a five-year path for tokenized US stocks and the CFTC moved to expand access to regulated crypto derivatives. Both moves rely on existing agency authority, the outlet says. Congress still has not settled how crypto oversight should be divided between the SEC and CFTC.
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SEC reportedly opens five-year path for tokenized US stocks after Senate blocks CLARITY Act
CryptoSlate reports that the CFTC also moved to expand regulated crypto derivatives access. Both agencies are relying on existing authority, while Congress has yet to settle how crypto oversight should be divided.
TLDR
CryptoSlate reports that after the Senate blocked the CLARITY Act, the SEC opened a five-year path for tokenized US stocks and the CFTC moved to expand access to regulated crypto derivatives. Both moves rely on existing agency authority, the outlet says. Congress still has not settled how crypto oversight should be divided between the SEC and CFTC.