The U.S. Senate is preparing for a significant vote on January 15 regarding the CLARITY Act, marking a major step in establishing comprehensive regulatory standards for the crypto market. This legislative framework targets three critical pain points that have long plagued the industry: combating artificially inflated trading volumes, eliminating wash trading schemes, and ensuring crypto exchanges maintain transparent reserve disclosures. The act represents a pivotal moment as traditional financial oversight mechanisms begin extending into digital asset trading, potentially reshaping how exchanges operate and report their activities. For market participants, this development signals increasing institutional scrutiny and the push toward standardized compliance measures across major trading platforms.