Regulatory Clarity and Its Costs: A Weekly Review of Global Crypto Developments

Recent global developments highlight the high cost of regulatory clarity. In the U.S., the Senate failed to pass the CLARITY Act, a digital-asset market-structure bill, while the House committee approved a digital asset tax reform. In Brazil, Lemon exited the market citing Central Bank requirements, and Crypto.com ceased BRL account services. Meanwhile, a WTO study identified regulatory hurdles, rather than technology, as the primary bottleneck for stablecoins in international trade.