Rialto Markets Welcomes Progress on the Digital Asset Market Clarity Act
The U.S. Senate Banking Committee today advanced the Digital Asset Market Clarity Act (“CLARITY Act”), following bipartisan support in the House. The proposed legislation seeks to establish a clearer regulatory framework for digital assets by distinguishing digital commodities, which may fall under CFTC oversight, from digital asset securities that remain subject to SEC regulation. The bill also proposes frameworks addressing exchanges, broker-dealers, stablecoins, decentralized finance, and other areas of the digital asset ecosystem.
For issuers and investors involved in tokenized real-world assets, greater regulatory clarity may help support continued innovation and market development while maintaining appropriate regulatory oversight. The CLARITY Act remains subject to the legislative process, and its final provisions and implementation may differ from current proposals.
At Rialto Markets, we believe these developments are consistent with our longstanding focus on operating within existing securities regulatory frameworks. Rialto Markets is a FINRA-member broker-dealer and operates Rialto MarketBoard, an SEC-registered Alternative Trading System (ATS) designed to facilitate secondary transactions in certain private and digital asset securities, subject to applicable securities laws and platform requirements.
Complementing these capabilities is Rialto Transfer Services, a transfer agent supporting digital infrastructure, for shareholder recordkeeping of traditional and tokenized securities. Together, these affiliated entities provide integrated infrastructure intended to support capital formation, ownership administration, and compliant secondary market activity for private securities offerings, including offerings conducted pursuant to exemptions such as Regulation CF, Regulation A, and Regulation D.
As regulatory frameworks for digital assets continue to evolve, Rialto Markets remains focused on supporting issuers and investors seeking solutions designed to operate in compliance with applicable securities laws, for private and tokenized securities transactions. We look forward to continuing to work with market participants as the digital asset ecosystem develops.
Secondary market liquidity for private and digital asset securities is not guaranteed. Investments in private securities and digital asset securities involve substantial risk, including loss of principal. Digital asset securities are subject to regulatory, technology, cybersecurity, valuation, liquidity, custody, and market risks.