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CLARITY Act Senate Markup Targeted for Late April with May Floor Deadline

Senate Banking is targeting late April for CLARITY Act markup, with Senator Bernie Moreno warning that missing May floor vote could push legislation past 2026 midterms. Senators Tillis and Alsobrooks reached 99% agreement on stablecoin yield compromise - barring passive yield on held stablecoins while allowing activity-based rewards. Key unresolved issues: community bank deregulation, ethics provisions for crypto-linked officials, DeFi treatment. APAC implications: US regulatory clarity would benefit Hong Kong and Singapore exchanges with US-compliant infrastructure.

High impact🇺🇸 United States🇭🇰 Hong Kong🇸🇬 Singapore🇯🇵 JapanRegulationStablecoinBTCETHCoinbase

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: BTC, ETH. Named institutions or platforms: Coinbase. 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.

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Korean Supreme Court Proposes Seven-Day Crypto Seizure Rule

South Korea's Supreme Court is proposing civil-execution rules that would require crypto exchanges to identify and disclose debtor holdings within seven days, then freeze or liquidate assets under court order. Exchanges need court-order intake, asset-location, freezing, liquidation and user-notice controls before the expected October 1 start date.

High impact🇰🇷 South KoreaRegulationExchangeAML
APAC FINSTAB analysis → Original source ↗

UK FCA Prepares Tokenized Gold Framework

UK regulators are preparing a framework for tokenized gold while encouraging blockchain use across trading, settlement, clearing and custody. Tokenized commodity issuers and venues will face tighter scrutiny around physical custody, reserve audits, redemption rights, price sources and cross-border distribution limits.

High impact🇬🇧 United KingdomRegulationTokenizationCustodyXAUT
APAC FINSTAB analysis → Original source ↗