U.S. financial regulators are pursuing crypto policy through existing authority after the Senate's 49-50 cloture vote failed to advance the CLARITY Act, leaving a federal market-structure framework in doubt ahead of the Nov. 3 midterm elections. The SEC has granted temporary conditional relief for eligible venues to trade tokenized U.S. stocks through permissioned liquidity pools on public blockchains, while the CFTC has submitted an undisclosed crypto-market proposal for White House review. Coinbase faces particularly direct exposure to the legislative setback because future market-structure rules could determine registration requirements, tradable assets and platform participation, Saxo Bank strategist Ruben Dalfovo said. Coinbase, Circle and Strategy shares fell between 5% and 10% after the vote and continued declining the following day. Elsewhere, Standard Chartered projects ARB at $10 by 2030 as traditional financial firms bring assets onchain, while Bitmine says staking more than 5 million Ether from its treasury generates estimated annualized revenue of $334 million. Phemex CEO Federico Variola said artificial intelligence has increased cybersecurity risks for crypto even as it offers potential uses in portfolio construction and trading.