US CLARITY Act Advances Regulation of Digital Assets

U.S. lawmakers cleared key hurdles for the CLARITY Act, with bipartisan support confirmed on July 23, 2026. The legislation aims to create a comprehensive regulatory framework for digital assets, mandating transparency and prohibiting federal officials, including the president, from issuing their own digital currencies. The act is part of a broader shift toward integrating cryptocurrency into mainstream finance, exemplified by Mirae Asset’s acquisition of the Korean exchange Korbit, marking the first major financial group to directly control a crypto platform.

The CLARITY Act aligns with similar regulatory moves in other major economies, such as Japan, and is seen as a step toward a more coordinated global financial system. While the primary focus is on U.S. markets, the story also notes parallel economic reforms in Iraq, where banking sector upgrades have sparked hopes of a currency revaluation, underscoring a worldwide trend of modernizing financial infrastructures.