According to @BullTheoryio, the Senate Banking Committee will vote on the crypto market structure CLARITY Act on January 15, a package aimed at stopping manipulation and increasing transparency in crypto trading (source: @BullTheoryio). According to @BullTheoryio, the bill bans wash trading and fake volume, criminalizes spoofing and front running, provides regulators real-time monitoring tools for market abuse, and mandates proof of reserves with regular audits for U.S. exchanges (source: @BullTheoryio). According to @BullTheoryio, the catalyst follows October 10, when the crypto market saw over $100 billion in liquidations as BTC and altcoins fell together without clear accountability or reporting on the trigger or entities involved (source: @BullTheoryio). According to @BullTheoryio, since then crypto price action has been abnormal with pumps sold and both good and bad news leading to sell-offs, a pattern the bill is designed to address by making market abuse traceable and limiting quiet large liquidations (source: @BullTheoryio). According to @BullTheoryio, clearer rules could reduce regulatory risk and expand institutional participation beyond BTC into altcoins, potentially increasing market liquidity if the CLARITY Act passes (source: @BullTheoryio).