The failure of the CLARITY Act to pass the US Senate is a setback for connecting traditional money, stablecoins and tokenised assets, according to eToro lead analyst for APAC and Middle East Josh Gilbert.

However, he said that for ETF issuers already established with billions of dollars of funds, it is full steam ahead.

The CLARITY Act, backed by US President Donald Trump, failed to advance in the Senate after 50 senators voted against the bill on Tuesday (US).

“The more adoption continues, the harder it becomes not to put a regulatory framework in place. Almost nobody in the industry believes the US ends up without a market structure framework, it just looks like it takes another year,” Gilbert…