On January 19, White House Digital Asset Advisory Committee Executive Director Patrick Vetter publicly stated in Washington that the ongoing efforts in the U.S. Senate to pass the Cryptocurrency Market Structure Act must be implemented as soon as possible in 2026. Otherwise, a cryptocurrency industry valued at trillions of dollars will remain in regulatory gray areas for the long term, which is unsustainable from a systemic perspective. He emphasized that the current core disagreement is not “whether to legislate,” but “when to legislate and how to compromise.” Patrick Vetter pointed out that the key goal of the bill is to clarify the boundaries of authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission in cryptocurrency regulation, thereby providing an actionable compliance path for Bitcoin, Ethereum, and various digital asset projects. Without a clear framework, U.S. companies will continue to face legal uncertainties in on-chain finance, stablecoin issuance, and crypto derivatives innovation. This not only weakens investment willingness but also allows international competitors to seize the opportunity.