The U.S. Commodity Futures Trading Commission (CFTC) recently announced a major development—the Digital Asset Market Transparency Act (commonly known as the "Clear Act") has advanced to a critical stage in legislation, and Congress is close to officially finalizing it. What does this mean? It indicates that the U.S. cryptocurrency industry may bid farewell to the days of ambiguous regulation.

Honestly, the core of this bill is to create a comprehensive regulatory framework tailored for the digital asset market. It aims to clearly define what can and cannot be done in the market, and ensure healthy operation within the United States, preventing some institutions from taking reckless actions amid regulatory gaps.

From the participants' perspective, crypto exchanges, asset custody institutions, and other players have been waiting for a clear legal signal. If the "Clear Act" is enacted, it will give them peace of mind. What is the biggest headache now? The blurred boundaries of responsibilities among the SEC, CFTC, and other departments, often giving conflicting directives, leaving market participants unsure of whom to listen to.

If this bill passes, it will not only clarify the responsibilities between departments but also remove obstacles to the compliant operation of the entire industry. With a regulatory framework in place, blockchain technology and industry innovation can truly thrive.