Morning Briefing: CLARITY Act stalls, SEC and CFTC expected to accelerate rulemaking

Following the failure of the CLARITY Act to pass a procedural vote in the Senate, analysts at Bernstein expect the SEC and CFTC to rapidly advance digital asset rulemaking to provide regulatory clarity. While the bill aimed to establish a legislative framework, its future remains uncertain due to time constraints and ethical disputes. Meanwhile, Bitcoin has shown decoupling from the US dollar index and major stock indices as market focus shifted to the legislative process. In other developments, Deribit has launched over 90 USDC-settled perpetual futures, including products for crypto assets, stocks, ETFs, commodities, and pre-IPO shares of companies like Anthropic and OpenAI. Additionally, Senator Elizabeth Warren opposed the CLARITY Act, citing concerns over profits made by the Trump family in the crypto sector.