This week's major events are quite a few, all scheduled for Thursday evening, including the Federal Reserve's interest rate meeting, the Senate Agriculture Committee's vote on the Clarity Act, and a joint discussion on crypto regulation by the SCE and CFTC.

The first is the Senate Agriculture Committee's meeting regarding the 'Clarity Act.'

It was also mentioned in last week's article that although the Banking Committee postponed the meeting on the Clarity Act, the Agriculture Committee's meeting is equally important.

The purpose is to pave the way for legislation in the crypto industry. Once crypto has its own laws and regulations, the entire Wall Street will be moved accordingly.

For example, in our case, without clear legislation, we don't know what can be done and what cannot be done; a single statement or news can cause panic.

But in such an environment, with so many people in this industry, just imagine if legislation is passed and clarifies what can be done; look at how many entrepreneurs, companies, and people from other financial markets would come in.

The second is that the SEC and CFTC will hold a meeting on how to jointly govern the crypto industry.

This conference is held to support Trump's statement at the Davos Forum about 'making America the world's crypto capital.'

The SEC Chairman and CFTC Chairman will lead their teams to attend the meeting and will conduct a synchronized live broadcast at the SEC.

For a long time, one of the biggest difficulties faced by crypto companies is the unclear jurisdiction of the SEC and CFTC.

If they can reach a consensus on how to define which behaviors belong to securities and which belong to commodities, it will not only allow existing crypto companies to develop better but also attract more observers into the crypto industry.

In the context of ongoing disputes over the Clarity Act, discussions between the two major agencies can further promote the implementation of the Act.

A series of policies this year will drive the crypto industry towards the traditional market.

Clear and coordinated regulatory rules can pave the way for traditional institutions like major Wall Street banks and asset management companies to enter the crypto market more safely and compliantly.

This is not just about the inflow of funds; it can also drive more financial products towards traditional retail investors, such as more types of ETFs and derivatives.