Crypto Weekly: Clarity Act fails, Reform's big crypto boost - Reuters

The Clarity Act, a proposed U.S. market-structure bill that aimed to draw clearer lines between securities and commodities oversight for digital assets, has failed to advance. The setback leaves the question of how crypto tokens are classified — and which regulator supervises them — largely unresolved. For market participants, that means the existing patchwork of enforcement-led guidance remains in place rather than a codified framework.

The same week brought a notable boost for Reform, though the source material offers no further detail on the nature or scale of that development. Taken together, the two items illustrate how policy and platform-level news continue to drive sentiment in digital assets.

What to watch: whether a revised market-structure proposal re-emerges, and how regulators signal their priorities in the interim. Until clearer rules arrive, headlines about legislation and individual firms are likely to remain key swing factors for crypto markets.