SEC Grants Temporary Exemption for Tokenized Stocks Following CLARITY Act Stalling

The U.S. Senate failed to advance the CLARITY Act on September 15, falling short of the required 60 votes. Following the legislative setback, the SEC announced a temporary Innovation Exemption on September 17, allowing eligible tokenized NMS stocks to trade via permissioned automated market makers and liquidity pools. SEC Chairman Paul Atkins stated the relief aims to bridge regulatory gaps for digital asset innovation, though it remains a temporary measure distinct from permanent legislation.