The focus of the crypto market is centered on January 15th. On that day, the U.S. Senate Banking Committee will review a proposal that concerns the future of the entire industry—the "Crypto Market Structure Act," commonly known as the CLARITY Act.

This is not an ordinary policy discussion. From tech innovation companies to investment institutions, the leading players in the industry are actively lobbying with a clear purpose: to pass this bill and create a clearer legal framework for the development of the crypto market.

Why is this bill so important? Frankly, the current U.S. crypto regulatory system is a tangled mess.

The current problem lies in the confusion of authority. Former SEC Chairman Gary Gensler has argued that almost all tokens should be classified as securities. Meanwhile, the Commodity Futures Trading Commission (CFTC) insists that assets like Bitcoin should fall under its jurisdiction. The two regulatory agencies are at odds, leaving entrepreneurs and investors in a state of uncertainty—you never know which agency’s bottom line might be crossed next.

The core mission of the CLARITY Act is to break this deadlock. It aims to clearly delineate regulatory authority, define tokens more precisely, inform companies who to report to, and give investors peace of mind. This way, innovators can freely innovate, and the market can operate under relatively stable rules.

In simple terms, this is a long-awaited "rule reshaping" for the industry.