The Senate just killed CLARITY two days ago, and now, two days later, the regulators signed an exemption order themselves. SEC opened a five-year pathway for tokenizing U.S. stocks—unbelievable. But take note, the exemption only applies to equity tokens, meaning dividend and voting rights must be included. Synthetic assets that only track stock prices don’t count. One more detail: to tokenize a stock, you have to notify the company 30 days in advance. If the company objects, it’s a no-go. All I can say is, Robinhood is definitely the golden child. This is bullish for all U.S. stock-related infrastructure!