Key Notes

The Senate bill will ensure compatibility with existing broker-dealer frameworks, clearing systems, and trading platforms.

The Responsible Financial Innovation Act of 2025 seeks to define SEC versus CFTC oversight of digital assets, with a full Senate vote taking place by November.

Ahead of the legislation, 112 crypto firms and advocacy groups called for protections for developers and non-custodial providers.

On Friday, September 5, the US Senate updated its crypto market structure bill with a key provision on the regulation of tokenized stocks. According to the new clause, stocks will continue to be classified as securities even after being tokenized on blockchain networks.

This eliminates the confusion about whether tokenized assets fall under the category of commodities.

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