The progress of cryptocurrency market regulation in the U.S. Congress has once again become a focal point. Senate Banking Committee Chairman Tim Scott released the latest draft of the "Digital Asset Market Clarity Act" (CLARITY), a 278-page document that consolidates months of bipartisan negotiations.

A hearing is imminent, and a key vote is also approaching. According to detailed materials obtained, senators have submitted over 75 amendments, covering a wide range of issues. These include banning stablecoin yields, preventing public officials from profiting from cryptocurrency transactions, and redefining digital asset mixers—all key topics of discussion.

Tim Scott emphasized that this bill is the result of serious committee work and bipartisan deliberation, aimed at providing protection and certainty for ordinary Americans. During the meeting, lawmakers will discuss these amendments one by one and vote on whether to adopt them, ultimately voting on whether to advance the entire bill.

For crypto market participants, the outcome of this hearing could have far-reaching implications. Once the legal framework is established, the operational rules for the entire digital asset industry will become clearer. The market is awaiting this answer.