The U.S. Senate Banking Committee plans to hold a revision meeting on January 15th to discuss the relevant provisions of the Crypto Market Structure Act. Although the bill currently faces a lack of support, the meeting still signals the regulatory authorities' determination to advance legislation. For the crypto industry, such regulatory actions often indicate the direction of market environment adjustments—whether tightening or gradual rationalization, market participants need to stay attentive. Whether the bill can ultimately break through the current resistance depends on the upcoming voting and negotiation progress.