US Senate Crypto Bill Adds Clause To Keep Tokenised Stocks As Securities

The US Senate has updated its crypto market structure bill by adding a key provision to clarify how tokenised assets are regulated. The new clause will ensure that stocks and other securities remain classified as securities when tokenised on a Blockchain, thus avoiding potential confusion over whether they should fall under commodities regulation.

The distinction is important for digital asset firms working on tokenisation. Stocks are regulated as securities. When tokenized, keeping them as securities will confirm they stay compatible with broker-dealer frameworks, clearing systems and trading platforms.

“We want this on the president’s desk before the end of the year,” Wyoming Senator Cynthia Lummis, a lead sponsor of the legislation, said in an interview with CNBC, according to Cointelegraph.

Tether Starts Discussions To Invest Across Gold Supply Chain

 Stablecoin issuer Tether, the creator of USDt has started discussions with mining and investment groups about deploying capital across the gold supply chain in a bid to diversify its portfolio risk.

According to a report in the Financial Times, Tether has been exploring deploying capital across several sectors in the gold business, including gold mining, refining, trading and royalty companies. The company has also accumulated $8.70 billion worth of physical gold, which is stored in a vault in Zurich, Switzerland. The reserves back Tether Gold XAUT, Tether’s gold-pegged Stablecoin, which has a market capitalisation of about $1.40 billion.

Of the $162 billion Tether has in reserves, about $130 billion, or 80 per cent, is held in cash, cash equivalents and short-term deposits, including $127 billion in direct and indirect US Treasury exposure. The company reported $5.7 billion in net profit in the first half of 2025.

StablecoinX, TLGY Acquisition Secure Additional $530 Million Ahead Of Merger

StablecoinX and TLGY Acquisition have secured an additional $530 million in financing to buy digital assets ahead of their planned merger and Nasdaq listing. This brings the total commitments to $890 million. The combined company, to be renamed StablecoinX Inc., is set to hold more than 3 billion ENA, the native token of the Ethena protocol. According to the company, it will be the first dedicated treasury business for the Ethena ecosystem, which issues the USDe and USDtb Stablecoins.

The capital was raised through a private investment in public equity (PIPE) transaction. The PIPE deal was priced at $10 per share, with part of the proceeds allocated to discounted locked ENA purchased from a foundation subsidiary, according to Cointelegraph. “The additional funding strengthens ecosystem resilience, deepens ENA liquidity, and supports the sustainable growth of USDe, USDtb, and future Ethena products,” Marc Piano, director at the Ethena Foundation, said in a statement.

New investors in the company include YZi Labs, Brevan Howard, Susquehanna Crypto, and IMC Trading, as well as returning backers Dragonfly, ParaFi Capital, Maven11, Kingsway, Mirana and Haun Ventures.