[U.S. Senate Fails to Advance Clarity Act, Federal Regulatory Framework for Crypto Industry Still Absent] Odaily Planet Daily News – The U.S. Senate failed to advance the Clarity Act, leaving the crypto industry without a comprehensive federal regulatory framework, and the division of responsibilities among major financial regulatory agencies remains unclear. Some industry insiders suggest that the outcome of this vote may drive capital, talent, and innovation activities toward overseas markets with clearer regulatory rules. While rulemaking by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may provide short-term guidance, legislation is still considered crucial for consumer protection and maintaining U.S. competitiveness. (CoinDesk)