Crypto Bill keeps tokenized stocks with SEC and avoids CFTC overlaps.
Should that tokenized stocks be treated like encryption or stocks? There are several ideas in the Senate.
The US Senate has stepped one step further to solve one of the most tireless problems in digital asset regulation. On September 5, 2025, members of the National Assembly updated the encryption market rescue bill as a new clause that explicitly classified encryption stocks as securities, not goods.
This measure is trying to close a tokenized version of the regulatory gap that can slip according to the supervision of the product. The Senate aims to provide a clear guard rail to a digital asset company while making it clear that token stocks must remain within the jurisdiction of the securities and exchange committees.
Senator Lummis promotes the year -end goals for the encryption market rescue bill.
This change is part of a responsible financial innovation law in 2025 and is a framework designed to determine how digital assets are regulated in the United States.
Senator Wioming, Senator of Wyoming, who leads the initiative, told CNBC that the Senate wants the Senate to the president’s desk “before the end of the year.”
Lummis explained that the legislation clarifies the time corresponding to the CFTC (Securities and Exchange Commission) with the CFTC (Commodity Future Trading Commission).
She was expected to vote for the securities clause this month, and the agricultural committee is expected to continue for CFTC supervision in October. Senate votes can take place in early November.
Both parties’ negotiations continue. Lummis says that the Democratic Party and the Republican Party are being pursued to secure more support.
The regulations on tokenized assets are especially associated with a company that produces a company that depends on stock transactions because consistency with broker-trader framework determines the adoption.
The meaning of tokenized stocks regulated as securities or products:
If it is regulated as securities (SEC supervision):
- It belongs to the SEC jurisdiction
- Public, investor protection and broker dealer regulations are required
- Compatible with the existing liquidation and settlement system
- It supports integration with Wall Street infrastructure
If it is regulated as a product (CFTC supervision):
- It belongs to the CFTC jurisdiction
- Transactions like raw materials or derivatives with lighter public rules
- By bypassing the securities law, it can weaken investor protection.
- Risks are in danger of market division and regulatory profits.
Will securities on token inventory harm encryption?
In particular, if the tokenized stocks are placed under the securities law, the adoption speed may be faster, and companies can test blockchain settlement within the defined legal parameters and at the same time guarantee compatibility with existing stock infrastructure.
According to McKinsey & Company Report, Tokenized Real-World Asset Capital can be $ 2 trillion by 2030 and optimistic cases have risen to $ 4 trillion.
Nevertheless, regulatory investigations are at risk. Binance listed tokenized inventory in 2021, including Apple and Tesla after the pressure of European regulators.
But advocates see continuous benefits. If you treat tokenized stocks as securities, you can make trading with traditional stocks, and you can mix investors’ protection with blockchain innovation and reconstruct Wall Street and Distributed Finance.
