The Securities and Exchange Commission is preparing to announce two major measures in the coming days, according to BlockBeats. The first is a public meeting on Friday focused on creating a customized issuance mechanism for investment contracts tied to crypto assets. The second is an expected 'innovation exemption' allowing tokenized versions of securities to be traded. The moves come as the Crypto Market Structure Act, commonly known as the CLARITY Act, has stalled in the U.S. Congress. If implemented, the initiatives could reshape U.S. equity markets and lay the groundwork for 24/7 trading of tokenized stocks on blockchain rails.
BlockBeats News, August 12 — With the Crypto Market Structure Act (the CLARITY Act) stalled in the U.S. Congress, the Securities and Exchange Commission (SEC) is preparing to roll out two major initiatives in the coming days that could further bolster the American crypto industry.
The SEC has announced an open meeting on Friday to create a tailored issuance mechanism for certain investment contracts involving crypto assets. The regulator also plans to soon unveil an "innovation exemption" that would permit trading in tokenized versions of securities.
Together, the moves could reshape the U.S. stock market and open the door to 24/7 trading of tokenized equities on the blockchain.
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