[U.S. Senate Fails to Advance Digital Asset Market Clarity Act] The U.S. Senate failed to advance the Digital Asset Market Clarity Act, a bill aimed at establishing legal classifications for crypto tokens, issuing licenses for trading institutions, and delineating regulatory authority between the SEC and CFTC. With midterm elections approaching, there is no path to revive the bill before the end of the year. Senate Banking Committee's Subcommittee on Digital Assets Chair Cynthia Lummis and Thom Tillis will step down. Goldman Sachs and BlackRock had supported the bill. (Source: CoinDesk)