Crypto for Advisors: The CLARITY Act failed, but the rules came anyway

 Crypto for Advisors: The CLARITY Act failed, but the rules came anyway

A: The SEC has opened a pathway for eligible tokenized U.S.-listed stocks to trade onchain through automated liquidity pools. Qualifying venues don't have to register as exchanges, and certain liquidity providers receive dealer-registration relief for covered activities. Trading is limited to identity-verified participants. The order followed CLARITY’s failed procedural Senate vote by two days. Its scope is narrower than the proposed legislation, which also addresses tokenized securities. It allows a specific market model to develop under existing SEC authority.

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