美 SEC 主席：若国会未能通过《CLARITY Act》，SEC 将自行制定加密市场监管规则
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After ongoing discussions on Section 604, the MCSA has shifted to a neutral stance on the Clarity Act.
According to an article published on the X platform by a Fox Business Odaily reporter, the Major County Sheriffs of America (MCSA) has shifted to a "neutral" stance on the Clarity Act after recent ongoing discussions surrounding Section 604, the Blockchain Regulatory Certainty Act. In a letter to the Senate Banking Committee leadership, the MCSA stated that, based on its ongoing review of the bill, there remains an opportunity to further strengthen the legislation in a way that supports responsible innovation and addresses the practical needs of state and local enforcement.
The window for the passage of the Clarity Act is narrowing: whether it can pass before Congress's summer recess remains uncertain.
According to Foresight News , citing CoinDesk, the CLARITY Act's original goal of being signed on July 4th has been missed, and the window for its passage before the midterm elections is rapidly closing. While most of the Senate's work can proceed behind the scenes during the summer recess, the House process is currently stalled. Negotiators remain optimistic about passing the bill by 2026, but key coordination needs to be completed before the Senate recess on August 7th. If the bill fails to pass before the midterm elections, and the Democrats gain control of Congress after the elections, they will likely demand significant changes to the bill.
The U.S. Securities and Exchange Commission (SEC) is expected to propose cryptocurrency rules as early as this month to streamline the fundraising process for startups.
PANews reported on July 8th that, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has updated its agenda, indicating it plans to propose new cryptocurrency rules as early as this month. The rule would establish a temporary registration exemption for developers launching crypto investment contracts, allow for a certain amount of financing, and create a safe harbor for issuers exiting securities regulation. SEC Chairman Paul Atkins stated that this move aims to achieve the goal of "making the U.S. the global crypto capital," establishing clear rules for crypto asset financing, and providing clear guidance for the custody and trading of on-chain tokenized securities. This is the SEC's first major rule-making effort in the crypto space; previously, the agency had released a digital asset taxonomy and begun developing related plans to promote tokenized securities. The cryptocurrency rule is currently under review by the White House Office of Information and Regulatory Affairs.
The monthly transaction volume of tokenized stocks reached $8.47 billion, with Securitize leading the pack with $270.6 million in on-chain stock volume.
According to Odaily Odaily, Securitize Corp. currently ranks first among tokenized stocks with an on-chain equity market size of $270.6 million. Its stock ticker, SECZ, began trading on the New York Stock Exchange on July 2nd. On the same day, Securitize tokenized its common stock on its regulated platforms, Solana and Avalanche. The distributed value of the tokenized stock sector reached $1.96 billion, a 31.84% increase in 30 days; monthly transaction volume reached $8.47 billion, a 92.77% increase; the total number of holders reached 403,650, a 17.18% increase; and monthly active addresses decreased by 84.37% year-on-year. (News)
Hong Kong Financial Secretary Paul Chan: 70% of offshore RMB settlements are completed through Hong Kong, with monthly settlement volume exceeding RMB 41 trillion.
PANews reported on July 5th that Hong Kong Financial Secretary Paul Chan Mo-po published a statement outlining his commitment to continuing to promote the internationalization of the RMB and the interconnectivity of financial markets, further consolidating Hong Kong's position as a global offshore RMB hub. Data shows that over 70% of global offshore RMB payments and settlements are currently completed through Hong Kong; the scale of RMB interbank settlements within the local banking system has exceeded RMB 41 trillion, equivalent to approximately RMB 2 trillion per day. With China expanding its high-level opening-up and enterprises accelerating their globalization efforts, the demand for RMB in cross-border trade, investment, and fund settlement will continue to rise, driving further expansion of the offshore RMB market. In terms of policy support, the Hong Kong Monetary Authority, with the assistance of the People's Bank of China, has launched an RMB funding arrangement mechanism to reduce banks' costs of obtaining RMB funds, supporting trade finance and corporate operational needs. Several banks have already expanded their related businesses based on this mechanism.
The probability of the Clarity Act being signed into law in 2026 has risen to 52%.
According to data from Polymarket, as reported by Mars Finance on July 5th, the probability of the Clarity Act being signed into law in 2026 has risen to 52%, an increase of 12 percentage points from July 3rd. In related news, the Major County Sheriffs Association (MCSA) stated that it no longer opposes the Clarity Act after initially expressing concerns about how it would affect investigations into illicit finance. Analysts believe that the MCSA's change of stance reduces a key obstacle in the Clarity Act's progress, increasing its likelihood of reaching the Senate vote. However, opposition from the banking industry to stablecoin yield products and DeFi regulation remains a major uncertainty.