[U.S. Senate Fails to Advance the 'Digital Asset Market Clarity Act'] Odaily Planet Daily News – The U.S. Senate recently failed to advance the 635-page 'Digital Asset Market Clarity Act,' which aims to establish a regulatory framework for the digital asset market structure. The bill proposes legal classification for crypto tokens, sets licensing requirements for businesses involved in trading, and delineates the regulatory authority between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). (CoinDesk)