🇺🇸 The SEC will continue to promote a comprehensive regulatory framework for crypto-asset markets, despite the Digital Asset Market Structure Clarity Act failing to secure the 60 votes needed in the Senate on September 15. Following this legislative setback, political efforts shifted toward regulatory authorities, which are relying on their existing powers to clarify the rules. In September, the SEC announced temporary regulatory exemptions to facilitate certain tokenized stock trading activities. Meanwhile, Patrick Witt, executive director of the White House Crypto Council and a key negotiator of the CLARITY Act, left his post.
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