Federal lawmakers failed to create a unified digital asset framework after the Senate halted the CLARITY Act in September. In response, private financial institutions are creating their own compliance standards and infrastructure while waiting for federal action.
Just two days after the legislative process stalled, the SEC granted an innovation exemption allowing specific platforms to trade tokenized U.S.-listed stocks onchain. Because an exemption is not statutory law, regulators retain the power to restrict or remove it at any time.
In a CoinDesk publication, Eric Soufer of Tusk Strategies reviewed how financial entities are constructing operational systems during this legislative delay. In the same piece, Diego Grassano detailed what financial advisors must evaluate before relying on any tokenized platform.
For traders actively holding perpetual futures on Bitget, Bybit, MEXC, or OKX, this news changes nothing directly. The SEC decision targets tokenized equities rather than crypto derivatives, leaving funding rates, trading fees, and market liquidity completely unaffected.
Source: coindesk — Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules