Coindesk reported that on the 15th (local time), with the CLARITY Act, a cryptocurrency regulation bill, failing its cloture vote in the U.S. Senate, the U.S. cryptocurrency industry will face a burdensome situation lacking 'regulatory clarity' for a considerable period. The media stated, "There are concerns in the industry that the failure of the CLARITY Act could lead to the outflow of capital, talent, and technological innovation from the U.S. cryptocurrency market to overseas markets with clearer regulatory environments. While rule-making by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) might help, the regulatory jurisdiction of these two agencies also remains unclear. Legislation is still crucial to protect consumers and maintain America's industrial competitiveness in the long term."
