US-Philippines crypto regulation

In late July 2026, the Bangko Sentral ng Pilipinas updated its Virtual Asset Service Provider (VASP) directory, removing two crypto firms and confirming a short list of active VASPs. The announcement noted that the U.S. Senate was considering the CLARITY Act, a proposal aimed at clarifying digital‑asset regulations, amid a volatile cryptocurrency market.

A few days later, in early August, the U.S. Treasury’s senior digital‑asset adviser, Tyler Williams, resigned. His departure came as the CLARITY Act remained stalled in Congress due to disagreements over ethics provisions. Analysts warned that the legislative deadlock could sustain market uncertainty.

Together, the snapshots show parallel regulatory pressure: the Philippines tightening its VASP oversight while the United States grapples with legislative gridlock and personnel changes that could affect the trajectory of the CLARITY Act.