Crypto Tokenized Stocks Gain a Temporary SEC Pathway After Senate Setback

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September 17, 2026

The Senate failed to advance the CLARITY Act on September 15, with the crypto market-structure bill falling to a 50-49 vote, 10 short of the 60-vote threshold needed for cloture, according to the embedded Reuters report. Two days later, the SEC announced a temporary Innovation Exemption designed to let eligible tokenized crypto stocks trade more widely in the U.S.

The CLARITY Act sought to build a comprehensive regulatory framework for digital assets. Its failure effectively put the bill on ice, with Congress preparing to leave Washington ahead of the November midterm elections. The timing makes any near-term revival uncertain, as detailed in this breakdown of the stalled vote and its path back to the floor.