Senate Updates Crypto Bill, Clarifying Tokenized Stocks as Securities

The US Senate made adjustments to its crypto market structure bill this week, introducing a key provision that clarifies how tokenized assets are regulated. This new clause ensures that stocks and other securities remain classified as securities when tokenized on a blockchain, potentially avoiding confusion about whether they should fall under commodities regulation. 🤝 The distinction is significant for firms working with tokenization. Currently, stocks are already regulated as securities. When tokenized, maintaining this classification confirms compatibility with broker-dealer frameworks, clearing systems, and trading platforms. 🙌