Clarity Act Setback Shifts Crypto Focus to SEC and CFTC

The Clarity Act failed to advance in the U.S. Senate, leaving the Securities and Exchange Commission and the Commodity Futures Trading Commission at the center of the crypto industry’s attention. The legislative setback changes the immediate policy backdrop for digital assets, as market participants turn toward potential action from the two regulators. Decrypt reported that the bill’s defeat effectively handed the SEC and CFTC a larger role in shaping the next phase of crypto oversight. The development is relevant for investors tracking regulatory conditions across the digital-asset market, including tokens such as Ethena (ENA).