[U.S. Senate Fails to Advance the 'Clarity Act,' Stablecoin Platform Reward Policies Still Led by SEC and CFTC] Odaily Planet Daily News: The U.S. Senate has failed to advance the 'Clarity Act,' leaving U.S. crypto policies primarily under the leadership of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Following the setback in advancing the bill, there remains a lack of clear legislative arrangements regarding whether stablecoin platforms can offer rewards that may compete with bank deposits. Banks have made progress in the debate over whether rewards on stablecoin platforms would compete with deposit services. Regulated crypto hubs like the UAE are leveraging clearer rules to attract businesses, talent, and capital, potentially benefiting from the legislative deadlock in the U.S. (CoinDesk)