The Senate Banking Committee has unveiled the CLARITY Act, a bipartisan bill that would restrict the SEC's ability to classify certain digital assets as securities. The legislation includes provisions that would effectively exempt Bitcoin and Ethereum from future SEC oversight.
Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.
The Philippine SEC issued an investor alert on April 14, 2026 warning against seven crypto platforms—dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium—for operating without registration under the CASP framework. The regulator warned promoters could face fines up to 5 million Philippine pesos ($89,000) or 21 years imprisonment. This marks an escalation in the Philippines' crackdown on unlicensed crypto operators, following previous actions against Binance, Coinbase, Gemini, and ten other exchanges in 2025.
