Eleanor Terrett Says APAC Views U.S. as Crypto Regulation Benchmark

Eleanor Terrett said countries she visited in Asia-Pacific viewed the United States as a benchmark for digital-asset regulation and institutional engagement, even as the country lacks a cohesive federal framework.

Her trip included South Korea, Indonesia, Singapore and the Philippines. The recurring view she described places the U.S. at the center of global discussions about how governments regulate digital assets and attract institutional participation.

That perception faces pressure after the Clarity Act failed to advance and amid the absence of a cohesive federal regulatory framework. The uncertainty has raised concerns that the U.S. could lag behind global standards.

State-level policy has added to the debate. Illinois’ proposed Digital Asset Tax rules have raised concerns about regulatory clarity and could affect innovation in decentralized finance.

The broader regulatory discussion centers on how policymakers can address emerging financial risks while preserving innovation and participation in digital-asset markets.