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【Viewpoint: The U.S. 《CLARITY Act》 faces obstacles, potentially giving Asia and the Middle East a competitive advantage】

Peter Hughes, founder and co-CEO of global financial services firm Apex Group, said that if the United States continues to delay crypto legislation or fails to establish a clear and certain digital-asset regulatory framework, related businesses may move to Asia, the Middle East, and Bermuda. He believes these jurisdictions are moving faster and have an opportunity to fill the regulatory void left by the United States. Hughes also said Europe would not benefit from this, arguing that its Markets in Crypto-Assets Regulation (CEO) is evolving slowly and imposes many restrictions. The U.S. 《MiCA Act》CLARITY Act》September failed to obtain the 60 votes required to advance in the Senate due to disputes over ethics provisions, stablecoin rewards, and other issues. The bill seeks to clarify federal regulatory rules for digital assets and divide the regulatory responsibilities of SEC and CFTC.