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Two days after the CLARITY Act stalled in a Senate cloture vote, the SEC issued its “Innovation Exemption,” letting qualifying venues trade tokenized stocks on-chain without registering as exchanges or dealers. Industry experts say the move keeps momentum alive, but warn that agency action can’t replace the durability of statute.

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The biggest crypto news this week landed on September 15 when the U.S. Senate voted 49 to 50 to block the CLARITY Act. The bill needed 60 votes. It got 50. That kills the market framework for 2026, per The Street on September 15.

The CLARITY Act‘s Senate cloture vote failed 49 to 50, well short of the 60 needed to end debate, and the two cleanest equity proxies for U.S. crypto market-structure legislation are taking the hit. Coinbase (NASDAQ:COIN | COIN Price Prediction)…