Moon Inc CEO Optimistic About CLARITY Act's Future in Congress
Written with artificial intelligence.
John Riggins, CEO of Moon Inc, expressed hope that the CLARITY Act will return to the congressional agenda after the midterm elections. He noted a positive stance from regulatory bodies like the SEC and CFTC towards Web3, highlighting recent approvals for tokenization of assets.
CLARITY Act Update
During his keynote speech at the 2026 Shanghai Blockchain International Week, John Riggins, the CEO of Moon Inc, formerly known as 港亚控股, discussed the current status of the CLARITY Act in the U.S. Congress. He indicated that the legislation is currently stalled but expressed optimism for its revival in the upcoming congressional session after the midterm elections.
Regulatory Developments
Riggins mentioned that regulatory agencies, including the SEC and CFTC, have shown a favorable attitude towards Web3 initiatives. He pointed out that the SEC has allowed the Depository Trust Company (DTC) to tokenize custodial assets, as well as approved tokenized stocks for trading on major exchanges such as NASDAQ and the New York Stock Exchange.
Market Dynamics
In addition to legislative updates, the cryptocurrency market is witnessing new developments. Notably, Robinhood has entered the public blockchain space with its own Layer 2 solution, positioning itself as a key player in the competition for on-chain liquidity and market attention. This move reflects a broader trend of significant financial institutions, such as Binance and Goldman Sachs, actively exploring opportunities in the rapidly evolving Real World Assets (RWA) sector, which is seen as a potential engine for growth in the crypto market.