U.S. banks and overseas crypto hubs such as the United Arab Emirates may benefit after the Senate failed to advance the Clarity Act last week, according to lawyers and industry experts. The 49-50 cloture vote leaves the crypto industry without the federal market structure framework it sought and leaves the SEC and CFTC shaping policy through existing rules, interpretations and exemptions. The debate also concerned whether stablecoin platforms could offer rewards that compete with bank deposits.