#美国民主党BlueVault The US cryptocurrency regulatory landscape is taking a turn. Recently, the "Clear Act" was passed by a vote in the Senate committee, signaling the end of the years-long regulatory ambiguity that has plagued the industry.

**Reallocation of Regulatory Power**

The most significant change is that the regulation of the spot cryptocurrency market will shift from the SEC to the CFTC, effectively giving mainstream assets like $BTC and $ETH a clear identity — as digital commodities rather than securities. How important is this distinction? Simply put, it opens the door for traditional financial institutions to enter compliance.

**Legal Boundaries Finally Clarified**

The legal delineation between "security-type" and "commodity-type" digital assets has been explicitly defined for the first time. Market participants no longer need to cautiously navigate the gray areas; rules are clear, and risks are manageable.

**New Opportunities for Institutional Funds**

Once this bill is reviewed by the full Senate and signed by the President, mainstream financial institutions will have a solid compliance foundation to enter the crypto market. It is foreseeable that more traditional capital will accelerate its deployment in the next phase.

In the long run, the legal status of assets like $BTC and $ETH will be reinforced, and a new development framework is taking shape — a true turning point for the entire industry.