๐บ๐ธ The CLARITY Act stalled in the Senate on September 15. Two days later, the SEC granted an exemption that lets tokenized US stocks trade on-chain.
Venues using the Innovation Exemption must permission every participant in their liquidity pools and comply with OFAC sanctions rules. The CFTC issued no-action relief for self-hosted wallet developers the same day.
In this week's regulatory update, Elliptic's David Carlisle covers what the SEC and CFTC have done and what Hester Peirce's departure on October 2 means for the Commission. Plus news from the UK, EU, Hong Kong and South Korea.