The regulatory landscape of cryptocurrency in the United States is undergoing profound changes. The Senate Banking Committee recently voted to pass the "Clear Act," which means the long-anticipated policy clarification for the industry is finally becoming a reality.

The biggest change comes from a shift in power dynamics. Regulatory dominance is moving from the SEC to the CFTC, with mainstream crypto assets like Bitcoin and Ethereum officially classified as "digital commodities," completely freeing them from securities law constraints. This is not just a classification issue; it reflects a fundamental change in how regulators perceive the nature of the crypto market.

Another key breakthrough is the clarification of the legal framework. For the past few years, the question of whether certain assets are "securities" or "commodities" has troubled the entire industry. The bill provides a clear delineation, essentially equipping the market with a legal compass. The uncertainty that has loomed over the industry for years may finally dissipate.

Traditional finance reacts most sensitively to this development. Once the compliance pathway is established, the barriers for institutional capital to enter the market will be significantly lowered. It is foreseeable that more mainstream investors will accelerate their entry into this space.

Next, the bill still needs to be approved by the full Senate vote and then signed by the President. Once enacted, this will mark a watershed moment in the history of the US crypto industry. The long-standing regulatory ambiguity that has suppressed the industry is truly coming to an end, and a new growth logic is already taking shape.