Odaily Planet Daily reports: Bitwise Asset Management Chief Investment Officer Matt Hougan said that after the Senate did not move forward with the CLARITY Act on September 15, stablecoin platforms still have room to provide balance-reward incentives to customers. Exchanges such as Coinbase also continue to retain advantages in consolidating existing state-level licenses and trading and brokerage businesses.

The U.S. Securities and Exchange Commission (SEC) on September 17 issued a five-year tokenized stock trading exemption. Qualified platforms may use a licensing framework to conduct tests with an automatic market maker and liquidity pools. Hougan lists Securitize, which will provide services for tokenized funds from BlackRock, Apollo, and KKR, as a beneficiary.

SEC staff updated its token repurchase guidance on September 28. For networks that already have functional capabilities and do not have a central entity, a repurchase announcement does not constitute a commitment relied upon by purchasers to expect profits; the guidance is not legally binding. (Bitcoin.com News)