[Clarity Act Fails to Pass, Crypto Industry Executives See DeFi Opportunities, Legal Experts Say Uncertainty Will Persist] Odaily Planet Daily News: Initiatives by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that the regulatory framework is expected to advance gradually, but gaps remain that require resolution by the U.S. Congress. Crypto industry executives believe the failure of the Clarity Act to pass will create opportunities for decentralized finance (DeFi), though established exchanges may continue to maintain a competitive edge. (CoinDesk)