Recent market movements are quite interesting. On the surface, everything seems calm, but beneath the surface, undercurrents are surging.

BTC fluctuates around 90,000, while ETH is stuck at 3,100, caught in a dilemma. Behind this "standoff" situation, it indicates that the market is waiting for a major event.

On January 15th, the U.S. Senate will hold a formal vote on the "Digital Asset Market Clarity Act." This is the well-known CLARITY Act.

Many people get annoyed when they hear "bill," thinking it's too far from their daily lives. But in reality, this matter concerns the fate of the entire crypto ecosystem.

Simply put, it sets rules for the industry. Previously, digital assets in the U.S. were in a "gray area," with the SEC constantly finding fault, claiming they are securities or scams, leading to endless lawsuits and fines. The industry was like an orphaned child, dodging left and right.

The core of the new bill is actually very straightforward: change the regulatory department.

It proposes transferring the regulatory authority over mainstream assets like BTC and ETH from the SEC to the Commodity Futures Trading Commission (CFTC). In official terms, BTC and ETH are legally defined as "digital commodities," not "illegal fundraising tools."

To put it another way: previously, you were a street vendor in the city corner, always at risk of being chased away by city management. Now, the government has issued you a business license, allowing you to operate openly and legally. Whether your business succeeds depends on your own skills, but at least you have a legal identity.

Once this bill passes, the ripple effects will be significant. The most direct impact will be that traditional institutions will feel more confident to enter the market. Currently, funds and banks that are still on the sidelines haven't made moves due to legal uncertainties. Once the policy is confirmed, the "gate" for large capital inflows will open.

At that point, not only will the coin prices change, but the overall market activity will also be different.