MiCA officially lands, Coinbase and Standard Chartered preemptively position themselves; over in the US, CLARITY is still in limbo, and the regulatory arbitrage window has opened.

CoinWorld News, BBX News, yesterday, the U.S. CLARITY Act missed the White House signing deadline set by the Trump administration, and the probability of passage dropped to 42% to 50%.
Three unresolved disputes are blocking the critical legislative window of the last approximately three weeks.
On July 1, the EU MiCA officially entered the full enforcement phase, the transition period ended, and about 244 licensed institutions (approximately 20% of the original registered institutions) can continue to comply with EU operations, while the remaining about 1,000 face pressure to exit the market.
Coinbase holds MiCA authorization through its Irish subsidiary and also holds a U.S. CFTC DCM license. Standard Chartered Bank has obtained a cross-border MiCA passport from ESMA. Both companies have completed EU regulatory compliance layouts amid the uncertainty of U.S. legislation.