US Senate updates crypto bill to block tokenized stocks from getting a ‘commodity’ label
The Senate just stuffed a brand new clause into its crypto bill to stop tokenized stocks from being labeled as commodities, closing in on a regulatory wall that could box crypto firms in.
The update came Friday, with a new provision inside the draft of the Responsible Financial Innovation Act of 2025. The goal? Draw a hard line. Stocks that get tokenized onto a blockchain won’t sneak through commodity loopholes anymore.
The update isn’t coming out of nowhere. Cynthia Lummis, the Republican senator from Wyoming, told CNBC a day earlier that the Senate wants the bill finalized fast. “We want this on the president’s desk before the end of the year,” she said.
That means President Donald Trump, who’s back in the White…
