Securitize says SEC pulled crypto exemption ahead of CLARITY Act vote

The U.S. Securities and Exchange Commission has held back its planned crypto innovation exemption ahead of a Sept. 15 Senate vote on the CLARITY Act, with Securitize President Brett Redfearn expecting the rule to return as early as October. Summary Securitize says the SEC pulled back its crypto innovation exemption over concerns about the CLARITY Act vote. The Senate is expected to vote on the CLARITY Act on Sept. 15. Securitize expects the SEC exemption to return after the vote, potentially in early October. Securitize President Brett Redfearn said the SEC pulled back the exemption last Friday because of concerns surrounding the progress of the Digital Asset Market Clarity Act, placing the regulator’s tokenization plan behind the next major congressional vote on crypto market structure. Redfearn expects the SEC to introduce the rule after the Senate votes on Sept. 15, with early October emerging as a possible timeframe. His comments provide a more specific timeline for an initiative that has already faced delays as regulators and lawmakers work on separate rules covering digital assets and tokenized securities. SEC innovation exemption could return after Sept. 15 The innovation ex...