Weekly Note
196: Congress said no. The SEC yes.
The Senate killed the Clarity Act 49-50. Two days later the SEC gave tokenized stock venues a five-year exemption. And Deutsche Bank launches digital asset…
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Friday, 18 September 2026
CEO note
The SEC Took the Pen
The SEC legalized onchain US stock trading for five years, by order, two days after the Senate killed Clarity. Almost nothing trading onchain today qualifies.
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CEO note
Who won the Clarity fight
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Monday Briefing
Who wins the clarity deal?
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Insights
Clarity’s three IOUs
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51 Adoption Index
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Compare 120 banks and financial institutions across eight observable capabilities.
51 Adoption Index
Institution ranking
Updated Aug 2026
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01
JPMorgan Chase
94
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02
BNY
88
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03
DBS Bank 88
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04
Standard Chartered
88
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