The compliance process of the US cryptocurrency industry has reached a new milestone. It is reported that the US Congress's Clear Legal Framework for Digital Assets Act (CLARITY Act) has entered the approval stage, marking a key turning point for the entire crypto ecosystem as it transitions from the exploration phase to a regulated institutional track.

For a long time, the operational rules of the crypto market have been in a gray area—regulatory agencies enforce laws case-by-case, and their discretion defines industry boundaries. This uncertainty has一直 restricted large-scale institutional capital inflows. The progress of the bill changes this situation. The most core change is that the regulatory boundaries shift from "understanding by enforcement agencies" to "explicit legal provisions"—the division of responsibilities between the SEC and CFTC will be clearly written into law, no longer relying on institutional interpretation.

This detail may seem technical, but it is profoundly significant. A clear legal framework means market participants can operate in a predictable manner, and the risk costs for institutional investors will decrease accordingly. In other words, the passage of the CLARITY Act is bringing crypto assets from the "high-risk gray area" into the "mainstream financial system's regulatory framework"—a necessary step for the industry to mature from wild growth.