The U.S. Senate’s failure to pass the Clarity Act leaves the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to continue shaping crypto policy under existing rules. The bill sought to create a clearer digital-asset framework by dividing oversight between the two agencies, but failed in a 49-50 procedural vote. The result extends regulatory uncertainty for the crypto industry, while market participants assess the implications for future growth, operations and market dynamics. Prediction-market pricing puts the chance of the Clarity Act becoming law in 2026 at 6.2% for a YES outcome. Observers are watching statements from President Donald Trump and Treasury Secretary Scott Bessent, as well as any new Senate vote or bipartisan congressional effort that could revive the legislation. The material also promotes live prediction-market analysis powered by Vera.