Regulatory milestones, institutional derivatives, and the battle between on-chain and traditional infrastructure define this week's #crypto headlines. ↳ The U.S. Senate Banking Committee passed the CLARITY Act, establishing clear jurisdictional boundaries between the SEC and CFTC for digital assets. The bill now moves to a full Senate vote. ↳ @CMEGroup and @Nasdaq launched joint crypto index futures covering $BTC, $ETH, and $SOL, expanding regulated multi-asset derivatives access for institutional investors. ↳ SBI and @Rakuten securities began developing crypto investment trusts as Japan's financial sector positions ahead of JPX's planned 2027 ETF listings. ↳ @HyperliquidX pushed back against @CMEGroup and ICE, arguing that its fully on-chain order book delivers superior transparency compared to traditional exchange infrastructure.