In the south, Coinbase (07711) doubled its long position, rising more than 6%, up 6.28% to HK$42.2 as of press time, with a trading volume of HK$1.5562 million. On the news front, according to market media reports, on May 14 local time, the U.S. Senate Banking Committee passed the Clarity Act by 15 to 9, advancing long-stalled legislation on the market structure of digital assets, marking progress in the encryption regulatory framework in Congress. The bill will give the Commodity Futures Trading Commission (CFTC) primary regulatory authority over most digital assets, while the Securities and Exchange Commission (SEC) will continue to be responsible for digital securities regulation. The next step is to submit it to the full Senate for consideration and coordinate with the Agricultural Committee version. It is worth mentioning that the U.S. Senate Banking Committee will discuss the Digital Assets Market Clarity Act, and there are still disputes on stablecoin yields and moral clauses among all parties. Cryptocurrency exchanges like Coinbase are closely monitoring the outcome of the bill's deliberations, as the legislation will directly impact the regulatory framework and market access conditions for digital assets. Supporters believe that the bill could provide much-needed legal certainty to the industry, promote innovation and investment, while opponents are concerned that overregulation could stifle market dynamism and harm consumer interests.