Odaily Planet Daily News: Galaxy Research Director Alex Thorn posted an analysis on the X platform regarding the U.S. Senate Banking Committee’s upcoming vote on the cryptocurrency market structure act scheduled for January 15. He stated that the current Senate seat distribution is 53 to 47, but typically a bill requires 60 votes to pass, meaning Republicans still need support from 7-10 Democratic senators for the bill to pass. Alex Thorn added that the cryptocurrency market structure act is significant, involving the classification of DeFi under anti-money laundering rules, the handling of stablecoin reserve yields, protections for non-custodial developers, and the SEC’s authority to approve or restrict token issuance. If passed, it would become a major bullish catalyst for cryptocurrency adoption. If it fails to advance, while the overall impact on the crypto industry’s fundamentals would be relatively minor, it could lead to negative market sentiment.