United States crypto legislation might be toast, but America’s securities regulator is opening the floodgates for blockchain-based tokenized stock trades.

Sen. Thom Tillis (R-NC) was one of four Republicans who voted against the U.S. Senate’s digital asset market structure bill (the CLARITY Act) on Tuesday (15), helping to send CLARITY to a decisive and ignominious 49-50 defeat. But in switching his vote from ‘aye’ to ‘nay’ at the last minute, Tillis was able to use a…