SEC grants 5-year exemption for tokenized stocks, while CFTC issues no-action letter for non-custodial wallets—both agencies moving unilaterally after Congress failed to pass the Clarity Act.
The dual regulatory push signals federal agencies are stepping in where legislation stalled. SEC's exemption could open doors for on-chain equity trading, while CFTC's stance on wallets provides relief for DeFi infrastructure.
Both moves come amid ongoing turf battles between the two agencies over crypto oversight.
The dual regulatory push signals federal agencies are stepping in where legislation stalled. SEC's exemption could open doors for on-chain equity trading, while CFTC's stance on wallets provides relief for DeFi infrastructure.
Both moves come amid ongoing turf battles between the two agencies over crypto oversight.