The CLARITY Act, which aimed to clarify the respective jurisdictions of the SEC and CFTC over digital assets, has been delayed by the U.S. Senate due to prioritization of federal nominations and the Russia sanctions bill. New York Attorney General Letitia James opposes the bill, arguing it could weaken states’ ability to prosecute crypto-related fraud. Meanwhile, Thailand’s SEC filed criminal charges against the Bitkub exchange and two former executives for concealing a 2021 cyberattack valued at approximately $50 million. Bitcoin’s price retreated amid a broader selloff in Asian equity markets, notably South Korea’s Kospi index, briefly falling below recent support levels before stabilizing.
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