Policy Event Β· High impact

SEC And CFTC Move Ahead On Market Structure After Clarity Act Failure

Legal analysis of the post-CLARITY Act period notes that the SEC and CFTC are using exemptions, interpretations and no-action relief to define tokenized stock trading and passive derivatives software boundaries. The shift keeps market-structure policy moving even without a completed statute.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchangeTokenizationRWASECCFTCPaul Hastings

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: RWA. Named institutions or platforms: SEC, CFTC, Paul Hastings. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Regulation tracker page β†’

Related policy events

CPC Decision Targets Crypto-Enabled Corruption And Cross-Border Asset Recovery

A CPC Central Committee decision published by Xinhua calls for resolute action against corruption involving the internet, virtual currencies, cross-border funds, and blockchain, alongside stronger cross-border casework and asset recovery. The policy signal increases expectations for transaction tracing, beneficial-owner checks, and cooperation with enforcement requests at digital-asset intermediaries.

High impactπŸ‡¨πŸ‡³ ChinaRegulationAMLEnforcement