SEC grants 5-year exemption for tokenized US stocks following CLARITY Act stall

Following the failure of the CLARITY Act in the US Senate, the SEC has introduced an 'Innovation Exemption' allowing qualified platforms to trade tokenized US stocks on blockchain infrastructure for five years. The exemption requires that tokenized stocks represent actual equity rights, such as dividends and voting, excluding synthetic derivatives. Platforms like Robinhood and Coinbase are viewed as potential beneficiaries of this regulatory sandbox.