Svmuu News: Alex Thorn, Head of Research at Galaxy, posted on X that the U.S. Senate Banking Committee is set to vote on the Crypto Market Structure Act on January 15. Currently, the Senate is divided 53 to 47. Since bills typically require 60 votes to pass, Republicans still need the support of 7 to 10 Democratic senators. Alex Thorn noted that the bill addresses the classification of DeFi under anti-money laundering regulations, the treatment of stablecoin reserve earnings, protections for non-custodial developers, and the SEC’s authority or restrictions regarding token offerings. If the bill passes, it will serve as a major bullish catalyst for the widespread adoption of cryptocurrencies; if it fails, while the overall impact on industry fundamentals will be limited, it could lead to negative market sentiment.