The U.S. Senate vetoes the Clear Act, SEC approves tokenized stock trading
2026-10-04 19:34:09
According to CoinMeta, the U.S. Senate rejected the Clear Act with a vote of 49 to 50. 48 hours later, SEC approved on-chain transactions for tokenized U.S. stocks. CFTC subsequently informed Wall Street that it was preparing for large-scale tokenization. This month, a Wall Street giant with assets of $114 trillion will launch its tokenization services. Since the vote, CFTC has submitted new crypto trading and market rules to the White House, SEC proposed new crypto custody rules and approved the first 3x leverage for Bitcoin and Ethereum ETP. There are plans for 24-hour stock trading, the Treasury Department is considering promoting overseas dollar stablecoins, the White House accuses large banks of blocking the bill, NYSE signed agreements with 44 million crypto accounts, BlackRock, DTCC, Visa, and Mastercard became validators of the new Circle blockchain, community banks sued to prevent crypto companies from obtaining federal trust licenses, and in the past 9 days, Bitcoin ETF has attracted $3 billion in capital inflows. In the future, DTCC plans to launch its tokenization services in October, and U.S. stocks will be traded 23 hours a day starting December 6th. Although there is still a possibility for the Clear Act to return, the crypto industry is moving forward anyway.
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