The CLARITY Act, a pivotal piece of legislation determining whether digital assets fall under SEC or CFTC jurisdiction, remains stalled in the U.S. Senate, creating significant compliance challenges for companies. Passed by the House a year ago, the Act's delay is now a governance and risk management issue, as firms struggle with regulatory uncertainty that affects compliance programs and enterprise risk management. The Act, which regulates the entire digital asset market, contrasts with the GENIUS Act that governs stablecoins and has already been enacted. The Senate's delay, compounded by recent political developments and internal disputes, leaves companies in limbo, unable to establish stable compliance frameworks. With the Senate's legislative calendar tight and political dynamics shifting, the Act's future remains uncertain, impacting how digital assets are regulated in the U.S.