[Galaxy Research Director: Crypto Market Structure Bill Could Be a Bullish Catalyst if Passed] Galaxy Research Director Alex Thorn analyzed on the X platform the upcoming vote on the Crypto Market Structure Bill by the U.S. Senate Banking Committee, scheduled for January 15. He noted that the current seat distribution in the Senate is 53 to 47, but typically, 60 votes are required for a bill to pass, leaving a gap to meet the threshold. This means that Republicans would still need the support of 7-10 Democratic senators for the bill to pass. Alex Thorn further stated that the Crypto Market Structure Bill is of significant importance, addressing issues such as the classification of DeFi under anti-money laundering rules, the handling of stablecoin reserve yields, protections for non-custodial developers, and the SEC's authority to approve or restrict token issuances. If passed, it would become a major bullish catalyst for the adoption of cryptocurrencies. If it fails to advance, while the overall impact on the fundamentals of the crypto industry would be relatively minor, it could lead to negative market sentiment.