Vlad Tenev: tokenization will sweep across the United States, SEC innovation exemptions benefit the public

The US Senate has failed to advance the Clarity Act, the cryptocurrency industry lacks a comprehensive federal regulatory framework, and the division of responsibilities among major financial regulatory agencies is not yet clear. (Source: Bloomberg)

[Main password: Binance BTC contract main player executed a limit order worth 30.85 million US dollars] A sudden shift in funds has drawn attention; potential disputes and strategies may be unfolding behind the scenes…

After the Senate vote on the Clarity Act bill failed, the US SEC confirmed that it will introduce clear regulatory rules for Bitcoin and cryptocurrency, and ensure that the United States becomes the primary destination for the next generation of finance. （The Bitcoin Historian）

[New York Life Investment Management Introduces First Tokenized Fund HYB to Avalanche] New York Life Investment Management has introduced its first tokenized fund, HYB, to the Avalanche platform through Centrifuge. This fund brings NYLIM's U.S. high-yield corporate bond strategy on-chain, enabling eligible investors to access institutional-grade credit on Avalanche.

The SEC has cleared obstacles for the development of tokenized stocks, and progress on the Clarity Act has been hindered.