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Policy and Re
2026-09-21 14:53:52

Senate’s failure to advance Clarity Act leaves room for banks and offshore crypto hubs, critics say

The U.S. Senate’s 49-50 cloture vote on the Clarity Act has left the crypto industry without the federal market-structure framework it had been seeking, keeping policy formation largely in the hands of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Lawyers and industry participants cited by CoinDesk said the result favors two groups in particular: U.S. banks, which have opposed stablecoin rewards that could compete with deposits, and overseas jurisdictions with clearer crypto rules, including the United Arab Emirates. Anton Golub of Forte said banks “won this round,” arguing that lenders increasingly see stablecoins as a direct challenge to deposit gathering rather than just another crypto product. After the vote, the SEC issued a temporary conditional exemption allowing eligible venues to trade tokenized U.S. stocks through permissioned liquidity pools on public blockchains. The CFTC also sent a new crypto proposal to the White House for review, though details were not disclosed. Dubai-based lawyer Irina Heaver said the UAE already offers the clarity that the U.S. is still debating. She said more than 110 regulated virtual-asset businesses operate there, with about 20 more holding in-principle approvals. Kyle Bligen of the Decentralization Research Center said Congress remains the best route to a comprehensive framework, even if the Senate vote was a setback.

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Senate’s failure to advance Clarity Act leaves room for banks and offshore crypto hubs, critics say
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Real Estate T
2026-08-27 04:00:00

OneAsset Says Real Estate Tokenization Hinges on Legal Rights, Asset Quality and Buyer Demand

Real estate tokenization is drawing more attention as real-world assets move on-chain, but the model remains far less standardized than tokenized Treasuries, money market funds or private credit. In an interview with PANews, OneAsset CEO Sonia Shaw said the hard part is not issuing a token. It is building a structure that ties digital instruments to enforceable economic rights, ongoing property management and rules that can hold up across jurisdictions. OneAsset, a Dubai-based company focused on institutional-grade commercial real estate, is building around single-asset vaults, bankruptcy-remote SPVs, independent valuations and continuing disclosure on leases, costs and cash flows. Shaw said token fragmentation does not create liquidity on its own, and that secondary trading depends on the quality of the underlying property, reliable income, transparent reporting and enough qualified buyers. The company plans to start on Base rather than build its own chain, and is pursuing regulatory work with Dubai’s Virtual Assets Regulatory Authority, or VARA. It also said it has obtained ISO/IEC 27001:2022 certification. PANews framed the discussion around a broader shift in property RWA: away from issuance speed and low entry thresholds, and toward legal structure, underwriting discipline, lifecycle management and machine-readable asset data that could eventually support AI-driven allocation.

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OneAsset Says Real Estate Tokenization Hinges on Legal Rights, Asset Quality and Buyer Demand
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