Clarity Act failure hands Asia and Middle East an edge, Apex Group CEO says
- —The Clarity Act fell short of 60 Senate votes in September
- —Apex Group services more than $3.5 trillion in assets across 50 jurisdictions
- —Hughes sees tokenized money market funds yielding 5% versus 3% on bank savings
- —Saudi Arabia has opened real estate to tokenization and foreign investment
Why it matters: A prolonged U.S. legislative vacuum could divert institutional RWA and stablecoin projects to faster-moving jurisdictions.
Source: CoinDesk