Securitize says SEC pulled crypto exemption ahead of CLARITY Act vote 
The U.S. Securities and Exchange Commission has held back its planned crypto innovation exemption ahead of a Sept. 15 Senate vote on the CLARITY Act, with Securitize President Brett Redfearn expecting the rule to return as early as October. 
Securitize President Brett Redfearn said the SEC pulled back the exemption last Friday because of concerns surrounding the progress of the Digital Asset Market Clarity Act, placing the regulator’s tokenization plan behind the next major congressional vote on crypto market structure. 
Redfearn expects the SEC to introduce the rule after the Senate votes on Sept. 15, with early October emerging as a possible timeframe. His comments provide a more specific timeline for an initiative that has already faced delays as regulators and lawmakers work on separate rules covering digital assets and tokenized securities.
SEC Chair Paul Atkins introduced the initiative in April as part of his regulatory program for digital assets. The framework would allow tokenized securities to operate on-chain under modified rules while keeping such products within the SEC’s securities oversight.
