#加密货币监管立法 The CLARITY Act is finally making its way to the Senate. I've been waiting quite some time for this news.

Thinking back to 2017, during that period, the US regulatory stance was still in its exploratory phase, with the SEC and CFTC each saying different things, and no one in the market could clearly determine whether Bitcoin was a commodity or a security. The chaos back then led to many project founders facing difficulties and many investors feeling confused. We've experienced those days, watching some projects fail due to unclear regulations, and also seeing some smart teams proactively positioning themselves with a keen sense of policy trends.

The advancement of the CLARITY Act is essentially about filling in the gaps. Clearly defining securities and commodities, and assigning the SEC and CFTC their respective responsibilities—this sounds perfectly normal—but in the crypto world, this is a revolutionary step. It reminds me of the big wave of淘沙 in 2013-2014; clear rules often eliminate a batch of speculative projects, but at the same time, they provide genuine builders with a clear runway.

The Senate debate in January was very intense. The joint proposal from both parties indicates that this is not just the will of one faction but involves considerations from industry, politics, and the economy. This time, regulation may finally shift from passive response to proactive design. History shows us that every establishment of a regulatory framework is a sign of market maturity. It’s not an end—quite the opposite—it’s a true beginning.