Policy Event Β· Medium impact

Crypto Industry Rift Over CLARITY Act Deepens

Industry groups warn Congress that removing certain exemptions from CLARITY Act would stifle domestic innovation and undermine dollar dominance. Treasury Secretary Bessent accuses some firms of preferring no bill to compromise.

Medium impactπŸ‡ΊπŸ‡Έ United StatesRegulationStablecoinUSDTUSDCCoinbase

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: USDT, USDC. 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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Related policy events

Bank Of Russia Opens Stablecoin Consultation For Ruble And Cross Border Settlement Use

The Bank of Russia released a stablecoin consultation discussing ruble-linked instruments, issuer obligations, collateral disclosure and cross-border settlement use cases. The consultation turns Russia-facing stablecoins into a sanctions, reserve-transparency and redemption-risk review issue.

High impactπŸ‡·πŸ‡Ί RussiaRegulationStablecoinRUBA7A5CBDC

CFTC Reportedly Investigates Polymarket As Prediction Markets Scale

The Financial Times reported that the CFTC is investigating Polymarket as prediction-market volumes, Kalshi competition and consumer-protection scrutiny rise. The probe reinforces that event contracts, pUSD settlement products and prediction-market venues need a dedicated regulatory-risk classification.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationEnforcementpUSD

IRS Criminal Investigation Lists Multi Asset Crypto Forfeitures In Official Notice

IRS Criminal Investigation published a June 26 forfeiture notice listing USDT, BTC, ETH, XRP and other crypto assets under civil forfeiture authority. The notice highlights continued U.S. use of forfeiture processes for cross-border crypto proceeds and high-risk wallet review.

High impactπŸ‡ΊπŸ‡Έ United StatesEnforcementAMLUSDTBTCETHXRPADAXLMDOGE

Maxine Waters Urges Labor Department To Withdraw Crypto 401k Alternative Assets Proposal

House Financial Services ranking member Maxine Waters asked the U.S. Department of Labor to withdraw a proposed safe harbor for alternative assets in 401(k) plans, including digital assets. The comment keeps crypto retirement-account access under investor-protection and fiduciary-duty scrutiny.

Medium impactπŸ‡ΊπŸ‡Έ United StatesRegulationAMLBTCETH