#美国消费者物价指数发布在即 The U.S. Senate Banking Committee is recently pushing forward the "Digital Asset Market Structure Act" (CLARITY Act), which has one core goal — to provide a clear regulatory framework for the crypto market.

**Regulatory authority disputes are coming to an end**

Over the years, the SEC and CFTC have been fighting over the regulation of digital assets, each claiming their jurisdiction. The new bill proposes the following division: decentralized assets like Bitcoin and Ethereum are collectively defined as "digital commodities," mainly overseen by the CFTC; security tokens remain under the SEC. This division sounds promising, but there are still many hurdles before it can be implemented.

**Three major disagreements that need coordination**

The issue of stablecoin yields has caused some friction — banks worry that if stablecoins can pay interest, depositors' money might move onto the blockchain, so they want to ban this. Whether DeFi developers should be held responsible for user mistakes is also a philosophical debate with no conclusion yet. Another sensitive point is whether to include provisions to prevent conflicts of interest among public officials; there are disagreements between the two parties on this.

**Long-term positive, but don’t expect quick results**

If the bill is truly passed, it will lower the threshold for traditional institutions to enter the space. $BTC will have a more stable position as a digital commodity, and $ETH's staking yields and tax treatments will receive clearer policy guidance. But don’t be overly optimistic — the market may have already priced in some expectations, and the bill still needs to pass the House and be signed by the President. Its actual implementation by 2026 remains uncertain.

**In simple terms**

This is a long-term positive signal, indicating that the policy environment for crypto is improving. But the process will be lengthy, requiring continuous effort rather than a sudden explosion. $BTC $ETH $BNB