#加密市场观察 Major event in cryptocurrency will happen on the 27th of this month!

In January 2026, the crypto market continues to experience fluctuations, and January is about to end again

But on the 27th of this month, a major event that will determine the future of the crypto market will occur!

The U.S. Senate Agriculture Committee will hold a hearing on the Crypto Market Structure Act (also known as the Clarity Act) on January 27th

The Clarity Act and the Genius Act are core components of the U.S. regulatory framework for cryptocurrencies. They have different goals and regulatory scopes but complement each other, jointly building a systematic regulatory path for digital assets in the United States.

The core of the Genius Act is: establishing rules for stablecoins, creating clear standards for issuance, operation, and reserves of dollar-pegged stablecoins at the federal level for the first time.

The main regulatory targets are: payment stablecoins (such as USDC, USDT, etc.)

The bill clarifies: stablecoins are not securities or commodities but are a specially regulated "payment stablecoin," aimed at standardizing and promoting the development of dollar stablecoins to consolidate the dollar's dominant position in the global financial system. The Genius Act officially took effect on July 18, 2025.

It can be understood that the Genius Act is specifically designed for stablecoins, but in the vast ocean of crypto, stablecoins are just one corner.

Therefore, the core of the Clarity Act is: defining the regulatory boundaries of the entire cryptocurrency market and solving the question of "who regulates."

The scope of regulation includes: the entire cryptocurrency market, all digital assets, defining which assets are "securities" (regulated by the SEC) and which are "commodities" or "digital commodities" (regulated by the CFTC).

This involves a series of complex and contradictory issues, but the importance of this bill is a decisive and critical factor for all project developers, node operators, governance models, and subsequent compliance in the crypto market!

If not clear, traditional capital dares not to enter; projects do not know which direction to develop to stay compliant.

If clear and lenient, regulatory goals are not met, conflicting with the highly decentralized nature of the industry.

If strict and clear, many highly decentralized projects may no longer continue.

The legislative details and contradictions involved are complex, not to mention the interests intertwined, illustrating the difficulty of the task.

Fortunately, U.S. President Trump is determined enough for the U.S. to become the crypto capital, and in the recent Davos talks, he explicitly stated the need to accelerate legislation, which is now urgent!

The hearing on the 27th may not reach a final conclusion, but every step in the legislative process concerns the future of the entire crypto market!