Next Thursday could be a watershed moment for the crypto market. The CLARITY Act, which was passed with a high vote in the U.S. House of Representatives in September last year, is scheduled for a vote on January 15. This vote is highly significant—it will redefine the regulatory boundaries for exchanges, broker-dealers, market makers, and others in the United States. More importantly, some of the authority originally held by the SEC will be transferred to the CFTC, which has a relatively more relaxed regulatory framework. For many blockchain entrepreneurs, this undoubtedly opens up new possibilities. Policy adjustments are often where opportunities lie.