The U.S. Senate Banking Committee will hold a meeting on January 16th to focus on the CLARITY Act. The proposal covers several key issues currently of industry concern: how to establish a regulatory framework for the DeFi ecosystem, the rules for setting the yield cap on stablecoins, and the CFTC's regulatory authority over the spot market. However, core disagreements remain on enforcement standards, anti-money laundering(AML) requirements, and ethical clauses. Industry insiders generally believe that the outcome of this review could have a significant impact on the regulatory direction of the cryptocurrency market.