Standing stone American tours regularly (6)
I believe the answer is:
'standing' is the definition.
(I've seen this before)
'stone american tours regularly' is the wordplay.
'stone' becomes 'st'.
'american' becomes 'a' (common abbreviation - e.g. in organisation names).
'regularly' indicates alternate letters (regularly take one letter, leave next etc.).
The alternate letters of 'tours' are 'tus'.
(Other definitions for status that I've seen before include "and 9: Existing state of affairs", "High rank or prestige", "Standing, condition, position", "Place in society", "Rank or standing in society".)