The U.S. Senate Banking Committee is set to vote on the "Digital Asset Market Structure Act (CLARITY Act)" on January 15, marking a significant step in crypto regulation. The bill aims to clarify the jurisdictional boundaries between the SEC and the CFTC, potentially ending the current regulatory ambiguity. The Agriculture Committee has postponed its review due to disagreements over DeFi definitions and bipartisan consensus issues. Key debates surrounding the bill include the prohibition of interest payments on stablecoins, which has drawn criticism from traditional banks fearing deposit outflows. The American Bankers Association warns that without strict interest bans, up to $6.6 trillion in bank deposits could be at risk. Meanwhile, the crypto industry argues that such restrictions could hinder innovation and U.S. competitiveness in the global digital currency race. Additionally, the bill addresses the liability of DeFi developers, with concerns that strict definitions could stifle innovation by holding developers accountable for code execution. Political ethics issues, particularly involving the Trump family's involvement in the crypto sector, add another layer of complexity to the legislative process. The outcome of this vote could shape the future of the global crypto market and the U.S.'s role in it.