According to CoinMeta, analyst Bernstein predicts that after the Senate failed to advance the Clear Act, SEC and CFTC will undertake "active and rapid" rule-making. The analysts expect these institutions to take the following measures: • Establish clearer regulations for crypto fundraising • Protect DEFI and self-hosted developers • Provide exemptions for tokenized stocks • Accelerate the approval process for permanent futures on real assets. Bernstein believes that another vote is unlikely due to time constraints and unresolved ethical issues. Institutional rules may provide clarity, but legislation will offer stronger protection against future policy reversals.