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      Clarity Act Fails Senate Vote, SEC Issues Tokenized Stock Innovation Exemption, CFTC Issues No-Action Relief for Passive Software Providers, Prediction Markets Litigation Advances

      The Senate failed to advance the Clarity Act after a 49–50 vote against invoking cloture on the motion to proceed on Sept. 15, falling short of the 60 votes required, with SEC Chairman Paul Atkins and CFTC Chairman Michael Selig each pledging to deliver crypto rules under existing statutory authority....
      By: Paul Hastings LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud