The U.S. Senate Banking Committee is in the final stages of negotiating the CLARITY Act, a significant bipartisan cryptocurrency bill, with a deadline set for midnight on January 13. The legislation aims to establish a comprehensive federal regulatory framework for digital assets, clarifying the roles of the SEC and CFTC, and setting rules for exchanges and stablecoin issuers. A key sticking point remains the treatment of revenue from stablecoin reserves, which has sparked debate over its distribution and regulatory oversight. The CLARITY Act, spearheaded by Senators Cynthia Lummis and Kirsten Gillibrand, seeks to provide legal certainty for the crypto industry, which has long operated under a patchwork of state regulations. The bill's passage could enhance market stability and consumer protection, while also encouraging institutional investment by offering clear compliance guidelines. The outcome of these negotiations will be pivotal in shaping the future of digital asset regulation in the U.S.