Why Financial Institutions and Offshore Centers Such as Dubai Gain From the Senate's Rejection of the Clarity Act
The recent decision by the United States Senate to abandon the proposed Clarity Act has sparked a flurry of commentary among financial experts, regulators, and legal scholars. While many observers had hoped the legislation would bring much‑needed transparency and consumer protection to the burgeoning stablecoin market, its demise is being hailed by certain sectors as a strategic victory. In parti…
Sept. 21, 2026, 2:53 p.m.