BlockBeats news, January 11th, according to the U.S. Senate schedule, the U.S. Senate Banking Committee will hold a hearing on the structure of the cryptocurrency market and vote on the "CLARITY Act" at 10:00 AM Eastern Time on January 15th. The bill aims to combat fake trading, deceptive trading, and false trading volumes, while mandating proof of reserves, potentially resolving long-standing cryptocurrency regulatory issues.
Analysts point out that if the bill is passed, market manipulation could decrease by 70% to 80%, and institutional funds may flow into the cryptocurrency market more rapidly by 2026.
If the vote passes, the bill will proceed to a full Senate vote, then return to the House for final approval before being sent to President Trump for signing into law.
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