Bernstein predicted that "with the failure of the CLARITY Act's Senate vote, the center of gravity for U.S. cryptocurrency regulation will shift from congressional legislation to rulemaking by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)." According to The Block, Bernstein analyzed, "Regulatory frameworks related to tokenization, perpetual futures markets, and prediction markets are expected to continue to be established in the future. Platforms like Coinbase can continue to offer rewards for idle stablecoin balances."
