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CLARITY Act Clears Senate Banking Committee in 15-9 Vote

The Senate Banking Committee advanced the CLARITY Act by a 15-9 vote, moving the U.S. crypto market-structure bill toward a full Senate test. The bill would clarify SEC-CFTC jurisdiction and materially affect exchange, token issuance and ETF compliance pathways.

High impact🇺🇸 United StatesRegulationLicensingBTCETHSenate Banking CommitteeSECCFTC

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: Senate Banking Committee, SEC, CFTC. 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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High impact🌐 GlobalStablecoinRegulationUSDTUSDC
APAC FINSTAB analysis → Original source ↗

Philippines SEC StratBox Approval Moves BlockShoals Into Supervised Crypto Testing

The Philippines SEC clarified that BlockShoals' StratBox participation is limited to a 90-day controlled integration and sandbox test with a BSP-licensed VASP partner. The approval path strengthens the Philippines' supervised-market-access model while keeping public onboarding subject to further regulatory clearance.

Medium impact🇵🇭 PhilippinesLicensingRegulation
APAC FINSTAB analysis → Original source ↗