Former New York Governor Andrew Cuomo, also an OKX board member, stated that regulatory clarity for tokenization is not merely a legal or political concern, but an economic one, as the technology's development outpaces Washington's legislative efforts. This comes after the U.S. Securities and Exchange Commission (SEC) on Sept. 17 issued an “Innovation Exemption,” creating a temporary five-year framework for limited trading of tokenized U.S. stocks on qualified onchain venues without requiring registration. Just two days prior, on Sept. 15, the Senate failed to advance the Digital Asset Market Clarity Act, which aimed to establish a comprehensive statutory framework for digital assets.