The CFTC (U.S. derivatives regulator) has submitted new crypto market structure rules to the White House Office of Information and Regulatory Affairs for review, shortly after the Clarity Act failed to advance in the Senate by a 49-50 vote. The review has just begun, placing the rules at the prerule stage rather than making them final. The development appears to shift regulatory attention toward agency-led rulemaking instead of legislation. Market pricing indicates that confidence in the Clarity Act’s passage fell from 28% to 7.3% YES over the past week, while the source says its enactment in 2026 appears less likely. Market participants will watch the White House response, signals from President Donald Trump and Senate leaders, developments in the Senate Banking Committee, and comments from advisors including David Sacks. Further legislative delays could reinforce the current market view that the Act is unlikely to be signed into law this year. The item also promotes live prediction-market analysis powered by Vera and invites readers to sign up.