{ "id": 47792, "date": "2025-09-06T20:54:07", "date_gmt": "2025-09-06T13:54:07", "guid": { "rendered": "https:\/\/hbbgroup.net\/senate-crypto-bill-adds-clause-to-keep-tokenized-stocks-as-securities\/" }, "modified": "2025-09-06T20:54:07", "modified_gmt": "2025-09-06T13:54:07", "slug": "senate-crypto-bill-adds-clause-to-keep-tokenized-stocks-as-securities", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/senate-crypto-bill-adds-clause-to-keep-tokenized-stocks-as-securities\/", "title": { "rendered": "Senate crypto bill adds clause to keep tokenized stocks as securities" }, "content": { "rendered": "
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The US Senate has added a provision to its crypto bill confirming that tokenized stocks remain securities, preserving their fit within existing financial frameworks. <\/p>\n

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The US Senate updated its crypto market structure bill on Friday, adding a key provision to clarify how tokenized assets are regulated.<\/p>\n

The new clause would ensure that stocks and other securities remain classified as securities when tokenized on a blockchain, avoiding potential confusion over whether they should fall under commodities regulation. <\/p>\n

The distinction is important for digital asset firms working on tokenization. Stocks are already regulated as securities. When tokenized, keeping them as securities confirms they stay compatible with broker-dealer frameworks, clearing systems and trading platforms. <\/p>\n

\u201cWe want this on the president\u2019s desk before the end of the year,\u201d Wyoming Senator Cynthia Lummis, a lead sponsor of the legislation, said<\/a> in an interview with CNBC.<\/p>\n

Related:\u00a0<\/strong><\/em>CLARITY Act isn\u2019t perfect, but it\u2019s the bill US Congress must pass this summer<\/strong><\/em><\/a><\/p>\n

Crypto bill splits oversight between SEC and CFTC<\/h2>\n

The Senate\u2019s bill, dubbed the Responsible Financial Innovation Act of 2025, clarifies when digital assets should be overseen by the Securities and Exchange Commission versus the Commodity Futures Trading Commission. <\/p>\n

Lummis told CNBC that she expects the Senate Banking Committee to vote this month on the SEC-related provisions, followed by a vote from the Agriculture Committee in October on CFTC oversight. A full Senate vote could happen as soon as November.<\/p>\n

While the draft has yet to win Democratic backing, Lummis said bipartisan negotiations are in progress. \u201cThere have been efforts to pair Democrats and Republicans on certain sub-issues within the bill,\u201d she noted, hoping to build cross-party momentum.<\/p>\n

Related:\u00a0<\/strong><\/em>Crypto bills move forward after nine-hour stalemate on House floor<\/strong><\/em><\/a><\/p>\n

Crypto firms urge Senate to protect devs in market bill<\/h2>\n

Last month, a group of 112 crypto companies, investors, and advocacy organizations urged the US Senate to include protections for software developers<\/a> and non-custodial service providers in its upcoming crypto market structure legislation. <\/p>\n

In a letter to the Senate Banking and Agriculture Committees, the coalition warned that outdated financial rules risk misclassifying these actors as intermediaries.<\/p>\n