The U.S. Senate has been revealed to delay consideration of the Clarity Act, further postponing the long-awaited unified regulatory framework for the crypto market. Key issues such as regulatory jurisdiction, token classification, and stablecoins remain unresolved, keeping industry innovation and compliance costs high. This directly dampens expectations for legislative clarity this year, acting as a short-term negative for $BTC and $ETH, as new capital won’t flow in while decisions are still under discussion.