U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO
Apex Group CEO Peter Hughes warned that the failure of the U.S. Clarity Act will drive digital asset businesses toward faster-moving jurisdictions in Asia and the Middle East.
VOID Report: US Clarity Act Failure Sparks Concerns Over Digital Asset Regulation
The impact of the Clarity Act's failure is being felt across the industry. Some observers, such as JPMorgan, note that recent actions by US regulators have partly offset the setback, but acknowledge that longer-lasting rules are still needed.
The consequences of the Clarity Act's failure and the implications of US regulatory actions are being closely watched. It remains to be seen how the US will address the regulatory needs of the digital asset industry.
At this point, it is unclear what specific steps the US will take to address the regulatory gap. The situation is being monitored by industry stakeholders.
Written with AI by Noticiero VOID from facts reported by CoinDesk, The Block. How we do it ·