The Sept. 15 failure of the Digital Asset Market Clarity Act to advance in the Senate has coincided with a rash of leadership changes across the cryptocurrency establishment. The Blockchain Association is changing chief executives. The U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, who was the designated leader of the SEC’s Crypto Task Force, is now departing the agency on Oct. 2. Circle, one of the industry’s largest stablecoin issuers, is replacing its CFO while a co-founder has announced his departure from its board. Earlier in the summer, Coinbase’s own chief legal officer stepped down.

Meanwhile, the Federal Reserve, SEC, and Commodity…